Inflation, stagflation or recession. Current policy puzzle.
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| Format: | Thesis |
| Kulcsszavak: | Fiscal policy government intervention inflation monetary policy recession |
| Online Access: | http://dolgozattar.uni-bge.hu/44513 |
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| 100 | 1 | |a Vajkoczki Viktória | |
| 245 | 1 | 0 | |a Inflation, stagflation or recession. Current policy puzzle. |c Vajkoczki Viktória |h [elektronikus dokumentum] |
| 520 | 3 | |a This paper was inspired to offer some insights to see why we see all the prices increase, to see if they are due to the circumstances or a mismanaged monetary or fiscal policy, to gather better understanding and see the reasoning behind the increasing inflation rates, and not only see the higher prices. To see what policy makers can do right now to ease us from the pain rising costs cause and to see if these policies are worth it or if they have a downside that makes them not worthwhile to implement. The first section of the thesis provided a theoretical foundation for inflation and illustrated how it might be advantageous for economies, while also emphasising the problems that could arise from excessive inflation, such as the destruction of savings, increased unpredictability, and higher living costs, after which the following chapters took a look at all the economic events that lead the world to the current inflation levels and see how supply and demand imbalances affect inflation. These economic events include the pandemic in 2020, the conflict between Russia and Ukraine, the unprecedented government stimuluses pumped into economies in recent times and how corporate greed has been getting out of control. The next part of the thesis presented the different approaches of governments, the first one being Turkey who went against the widely accepted economic theory. It examined the reason why Turkey kept cutting its interest rates, to chase after unsustainable economic growth and disregarded basic economics. After Turkey, advanced economies like the US and the UK were investigated who may need to hammer the brakes on the economy harder than expected to tackle high inflation. At the end of the paper, a literature review was conducted, whether central banks should keep their 2% annual inflation target or change it to 4% | |
| 695 | |a Fiscal policy | ||
| 695 | |a government intervention | ||
| 695 | |a inflation | ||
| 695 | |a monetary policy | ||
| 695 | |a recession | ||
| 700 | 1 | |a Ábel Dr.habil. István |e ths | |
| 700 | 1 | |a Mózsik Mariann |e ths | |
| 856 | 4 | 0 | |u http://dolgozattar.uni-bge.hu/44513/1/vajkoczki_vikt%C3%B3ria_HSCF13.pdf |z Dokumentum-elérés |
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| 856 | 4 | 0 | |u http://dolgozattar.uni-bge.hu/44513/3/Vajkoczki%20Vikt%C3%B3ria%20review%20%C3%81bel%20Istv%C3%A1n.pdf |z Dokumentum-elérés |
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