THE IMPACT OF INFLATION ON THE ECONOMIC GROWTH IN CONDITIONS OF NATIONAL ECONOMY RESTRUCTURING (illustrated by the Republic of Azerbaijan)
https://doi.org/10.21686/2413-2829-2015-1-135-143
Abstract
Economic growth is the best way to combat inflation in conditions of national economy restructuring. Cash demand increases depending on the economic growth rate with constant pace of cash circulation. However, high inflation rate and extreme changes in market currency rate can alter these processes, making the solution of budget deficit problem more complicated. The article investigates reasons for and consequences of inflation in Azerbaijan. It was shown that inflation affects economic growth and monetary and credit policy in the country. Anti-inflation policy pursued in the Republic of Azerbaijan was analyzed, its specific features were described. The authors put forward the recommendations aimed at improving monetary and credit policy, lowering inflation rate and declining its negative impact on structural reforms in the country.
About the Authors
Olga I. Sergeeva
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
PhD, Assistant Professor, Professor of the Department for Banking of the PRUE
36 Stremyanny Lane, Moscow, 117997, Russian Federation
Zaur V. Ayyubov
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Assistant Lecturer of the Department for Banking of the PRUE
36 Stremyanny Lane, Moscow, 117997, Russian Federation
References
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Review
For citations:
Sergeeva O.I., Ayyubov Z.V. THE IMPACT OF INFLATION ON THE ECONOMIC GROWTH IN CONDITIONS OF NATIONAL ECONOMY RESTRUCTURING (illustrated by the Republic of Azerbaijan). Vestnik of the Plekhanov Russian University of Economics. 2015;(1):135-143. (In Russ.) https://doi.org/10.21686/2413-2829-2015-1-135-143
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