A New Dimension of Inflation

L. Evstigneeva and R. Evstigneev

Voprosy Ekonomiki, 2008, issue 7

Abstract: The article attempts theoretical rethinking of the inflation phenomenon. The economists have got accustomed to discuss "monetary vs. non-monetary nature of inflation", though such an approach poorly corresponds with present-day realities. Therefore the authors use the methodology of economic synergetics in their study of inflation. They reveal complicated correlations between such functions of money as a cost equivalent, a form of cost, and a reproduction model. The analysis leads to a model of an inflationary market mechanism that allows to compensate the growing capital intensity of national income by a market expansion and thus to maintain a financial stability in the economy.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2008:id:1324

DOI: 10.32609/0042-8736-2008-7-46-60

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