The Instrumentarium of Anti-Inflation Management in Cyclical Fluctuations

• Main Author: Hanusyk Yurii B.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2017-09-01
• Series: Bìznes Inform
• Subjects: anti-inflation policy; anti-inflation regulation; inflation targeting; inflation; cyclical fluctuations
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2017-9_0-pages-199_205.pdf

The article is aimed at studying the use of anti-inflation regulation measures to eliminate the negative and increase the positive effects of cyclical fluctuations. The approaches to the theoretical substantiation of cyclicality of economy and its regulation have been generalized. The Keynesian methods for managing the economic cycle and inflation have been explored in the context of solving problems in the short term period. The monetarist approaches to the regulation of economic cycle and their impact on the stability of economic system have been considered. An analysis of the counter-cyclical management in the system of directions, means and methods of influencing economic conjuncture and activities aimed at reducing cyclical fluctuations, was carried out. Building on the experience of developed countries in using different options for income policy, the specific opportunities of its implementation and the poor efficiency have been concretized. The publication proves that, in circumstances of cyclical fluctuations, the instrumentarium of the anti-inflation policy should be mixed, i.e., should provide measures of both the monetary and the non-monetary influence, depending on the form and type of inflation, the characteristics of its manifestation, and the corresponding phase of the cycle.