Preview

Surgut State University Journal

Advanced search

ANTI-INFLATION REGULATION UNDER THE INFLUENCE OF GLOBAL TRENDS

https://doi.org/10.34822/2312-3419-2022-4-7-17

Abstract

The aim of the study is to update the ideas about the tools of anti-inflationary regulation and the mechanism of its impact on social and economic development, allowing for the development of recommendations for improving methods of studying monetary policy in the context of monitoring research trends. Instability of the dominant economic development paradigm is amplified by the increasing interconnection of financial, economic, social, and environmental issues, as well as a large-scale geopolitical dispute, which leads to changing the problem-solving tools and methods for anti-inflation regulation and considering the consequences of applying individual tools and their combinations. The study examines foreign practice in using tools for anti-inflationary regulation, identifies the Russian approach to anti-inflationary regulation, discusses characteristics of anti-inflationary regulation in other countries, and emphasizes directions for improving methods of increasing the effectiveness of monetary policy based on the results obtained.
In the course of the study, general scientific and general logical methods of theoretical research were used to detect patterns in the manifestations of inflationary processes and the consequences of the use of anti-inflationary regulation tools. It was established that modern monetary policy should be much broader than purely monetary regulation, and the improvement of its methodological measurement should be expanded using non-monetary methods and justified by a combination of monetary and non-monetary methods.

About the Authors

Olga G. Arkadeva
Chuvash State University named after I. N. Ulyanov, Cheboksary
Russian Federation

Candidate of Sciences (Economics), Associate Professor



Natalya V. Berezina
Chuvash State University named after I. N. Ulyanov, Cheboksary
Russian Federation

Candidate of Sciences (Economics), Associate Professor



References

1. Faccini R., Melosi L., Miles R. The Effects of the “Great Resignation” on Labor Market Slack and Inflation // Chicago Fed Letter. 2022. No. 465. DOI 10.21033/cfl-2022-465.

2. Makabe Y., Norimasa Y. The Term Structure of Inflation at Risk: A Panel Quantile Regression Approach. Tokyo : Bank of Japan, 2022.

3. De Soyres F., Santacreu A. M., Young H. Fiscal Policy and Excess Inflation during COVID-19: A Cross-Country View // FEDS Notes. Washington : Board of Governors of the Federal Reserve System, 2022. DOI 10.17016/2380-7172.3083.

4. Родионова Т. Н. Явление инфляции в исследованиях ученых-экономистов // Учен. зап. Санкт-Петербург. им. В. Б. Бобкова фил. Российской тамож. акад. 2021. № 1 (77). С. 68–73.

5. Arkadeva O., Berezina N., Arkadev M. Inflation Targeting under Global Trends Exposure // Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space : Proceedings of the International Research-to-Practice Conference – SES, Kirov, June 17‒18, 2021. Kirov, 2022. P. 33–37. DOI 10.5220/0010682000003169.

6. Аркадьева О. Г. Роль инфляции в бюджетном планировании // Устойчивое развитие: исследования, инновации, трансформация : материалы XVIII Междунар. конгресса с элементами науч. шк. для молодых ученых. М. : Москов. ун-т им. С. Ю. Витте, 2022. С. 1049–1054.

7. Predkiewicz P., Bem A., Siedlecki R., Kowalska M., Robakowska M. An Impact of Economic Slowdown on Health. New Evidence from 21 European Countries // BMC Public Health. 2022. Vol. 22. P. 1405. DOI 10.1186/s12889-022-13740-6.

8. Walsh C. E. Inflation Surges and Monetary Policy. Tokyo : Bank of Japan, 2022. 29 p. URL: https://people.ucsc.edu/~walshc/MyPapers/Walsh_Inflation_Surges_IMES_DP_22-E-12.pdf (дата обращения: 30.10.2022).

9. Balcilar M., Demirer R. U. S. Monetary Policy and the Predictability of Global Economic Synchroniza-tion Patterns // Journal of Economics and Finance. 2022. Vol. 46. P. 473–492. DOI 10.1007/s12197-022-09577-9.

10. Koren O., Winecoff W. K. U. S. Federal Reserve Policies Can Cause Political Instability by Raising Bread Prices // Food Security. 2022. DOI 10.1007/ s12571-022-01300-0.

11. Guirguis H., Dutra V. B., McGreevy Z. The Impact of Global Economies on US Inflation: A Test of the Phillips Curve // Journal of Economics and Finance. Vol. 46. P. 575–592. DOI 10.1007/s12197-022-09583-x.

12. OECD-2022. Inflation Forecast (Indicator). DOI 10. 1787/598f4aa4-en. (дата обращения: 30.10.2022).

13. Whelan K. The Past, Present and Future of Euro Area Monetary-Fiscal Interactions // International Economics and Economic Policy. 2022. Vol. 19. P. 557–579. DOI 10.1007/s10368-022-00531-y.

14. Hoen M. F., Markussen S., Røed K. Immigration and Economic Mobility // J Popul Econ. 2022. Vol. 35. P. 1589‒1630. DOI 10.1007/s00148-021-00851-4.

15. Balakrishnan P., Parameswaran M. What Lowered Inflation in India: Monetary Policy or Commodity Prices? // Ind Econ Rev. 2022. Vol. 57. P. 97–111. DOI 10.1007/s41775-022-00134-z.

16. Ismahene Y. Infectious Diseases, Trade, and Economic Growth: A Panel Analysis of Developed and Develo-ping Countries // J Knowl Econ. 2022. Vol. 13. P. 2547‒2583. DOI 10.1007/s13132-021-00811-z.

17. Giovanni J. di, Kalemli-Özcan Ş., Silva A., Yıldı-rım M. A. Global Supply Chain Pressures, International Trade, and Inflation // Challenges for Monetary Policy in a Rapidly Changing World : ECB Forum on Central Banking, Sintra, Portugal, June 27‒29, 2022. URL: https://www.ecb.europa.eu/pub/conferences/html/20220627_ecb_forum_on_central_banking.en.html (дата обращения: 30.10.2022).

18. Caporale G. M., Gil-Alana L. A., Poza C. Inflation in the G7 Countries: Persistence and Structural Breaks // J Econ Finan. 2022. Vol. 46. P. 493–506. DOI 10.1007/s12197-022-09576-w.

19. Kantur Z., Ozcan G. Dissecting Turkish Inflation: Theory, Fact and Illusion // Econ Change Restruct. 2022. Vol. 55. P. 1543–1553. DOI 10.1007/s10644-021-09357-1.

20. Samal A., Ummalla M., Goyari P. The Impact of Macroeconomic Factors on Food Price Inflation: An Evidence from India // Futur Bus. J. 2022. Vol. 8. P. 15. DOI 10.1186/s43093-022-00127-7.

21. Karamyan T., Karamyan D. Core Inflation and Kal-man Filter // Scientific Artsakh. 2020. No. 2 (5). P. 256‒266.

22. Бауэр П. Расчет показателя трендовой инфляции в Республике Беларусь с помощью DFM-модели для анализа и прогнозирования инфляции // Банков. вестн. 2021. № 5 (694). С. 10–20.

23. Балацкий Е. В., Екимова Н. А., Юревич М. А. Краткосрочное прогнозирование инфляции на основе маркерных моделей // Проблемы прогнозирования. 2019. № 5 (176). С. 28–40.

24. World Energy Outlook-2022. URL: https://www.iea.org/reports/world-energy-outlook-2022 (дата обращения: 30.10.2022).

25. Афанасьева О. Н. Денежно-кредитная политика: денежная масса и инфляция в различных странах // Экономика устойчивого развития. 2022. № 1 (49). С. 112–117. DOI 10.37124/20799136_2022_1_49_112.

26. Вику К. Н. К. Теоретические основы измерения инфляции в странах ЭКОВАС // Вестн. Рос. ун-та кооперации. 2022. № 1 (47). С. 22–27.

27. Мирончик Н., Демиденко М., Щерба Е. Расширение балансов центральных банков и инфляция: выводы для монетарной политики // Банков. вестн. 2021. № 4 (693). С. 3–12.

28. Великороссов В. В., Коречков Ю. В., Неклюдов В. А. Инфляция: политэкономическая природа, причины и последствия // Теорет. экономика. 2021. № 1 (73). С. 11–18.


Review

For citations:


Arkadeva O.G., Berezina N.V. ANTI-INFLATION REGULATION UNDER THE INFLUENCE OF GLOBAL TRENDS. Surgut State University Journal. 2022;(4 (38)):7-17. (In Russ.) https://doi.org/10.34822/2312-3419-2022-4-7-17

Views: 245


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 2949-3455 (Online)