INFLATION IN TIMES OF GLOBAL CRISES: CAUSES, CONSEQUENCES, AND METHODS OF COMBATING IT
Keywords:
Inflation, Global crisis, Economic crisis, Financial instability, Causes of inflation, Government regulation.Abstract
nflation is a sustained increase in the general price level,
accompanied by a decrease in the purchasing power of money. Under normal
conditions, it can be moderate and even stimulate economic growth, but during
periods of global crises, inflation often spirals out of control, causing serious harm
to the economy and social stability. Global crises such as the COVID-19 pandemic,
energy shocks, geopolitical conflicts, or economic sanctions intensify inflationary
pressures on national economies around the world.
References
1.
Marx, K. Capital: Critique of Political Economy. Volume I. The Process of
Production of Capital / Translated from German, edited by D. Ryazanov. — Moscow:
State Publishing House of Political Literature, 1961. — 820 pages.
2.
Friedman M. A Monetary History of the United States, 1867–1960 / M.
Friedman, A. J. Schwartz. - Princeton: Princeton University Press, 1963. - 860 p.
3.
Кругман П., Обстфельд М. Международная экономика. Теория и политика. - М.: Вильямс, 2020.
4.
Keynes J. M. The General Theory of Employment, Interest and Money. -
London: Macmillan, 1936. - 403 p.
5.
International Monetary Fund. World Economic Outlook (2023).
6.
7.
World Bank Group. Global Economic Prospects (2024).
OECD. Inflation and monetary policy in times of crisis. 2023.