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| НА ГОЛОВНУ |
№ 2021/3
1Transformation, Integration and Globalization Economic Research (TIGER) при Козьмінському університеті у Варшаві
Shortageflation 3.0: Воєнна економіка – Державний соціалізм – Пандемічна криза
| Ekon. teor. 2021; 3:5-28 | https://doi.org/10.15407/etet2021.03.005 |
АНОТАЦІЯ ▼
Криза, спричинена пандемією коронавірусу, змусила уряди та центральні банки вжити заходів, спрямованих на захист рівня життя людей та підтримку виробничої та сервісної діяльності компаній. Політика агресивного підвищення пропозиції грошей викликала значне збільшення дефіциту бюджету та державного боргу. Важливо врахувати ступінь її впливу на ескалацію інфляційних процесів та сформулювати поради щодо економічної політики. Інфляція вже фактично вища, ніж це показують офіційні індикатори, оскільки вона частково придушена. Зростання загального рівня цін не повністю відображає фактичний рівень інфляції. Ми маємо справу з дефіцитфляцією (далі в тексті – shortageflation) ? одночасним виникненням інфляції цін та придушеної інфляції, яка супроводжується дефіцитом. Методологічно цікавим є порівняння цього явища, з яким ми стикаємося зараз (назвемо його «shortageflation 3.0»), із придушенням інфляції в економіці воєнного часу («shortageflation 1.0») та з подібним явищем в економіці країн державного соціалізму («shortageflation 2.0»). Такі порівняння підкреслюють не тільки схожість цих процесів, а й відмінності, що виникають як результат специфічності реакцій домогосподарств та підприємств. У цій статті розглядаються п’ять каналів розвантаження надмірних заощаджень із зазначенням найбільш вигідних з них з точки зору сталого економічного розвитку у постпандемічному майбутньому. Особливо важливо сприяти перетворенню вимушених заощаджень у заощадження добровільні та одночасно стимулювати перетворення інфляційних грошових резервів в ефективний по-пит, розширюючи таким чином використання існуючих виробничих потужностей та інвестицій, що створюють нові потужності.
Ключові слова:відкрита інфляція, придушена інфляція, shortageflation, грошова маса, вимушені заощадження, пандемія
| Стаття російською мовою (cтор. 5 - 28) | Завантажити | Завантажень : 100 |
| Стаття українською мовою (cтор. 5 - 28) | Завантажити | Завантажень : 94 |
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