УПРАВЛЕНИЕ ИНФЛЯЦИОННЫМИ ПРОЦЕССАМИ В РОССИИ

Abstract

Managing inflation is a major problem for monetary and economic policy, as it is difficult to simultaneously combat inflation and to develop a permanent mechanism of its control. At the moment Russia is in crisis, because foreign means of payment replace the national currency, which leads to the deterioration of the national economy. Each state strives for stable and low inflation. Anti-inflation regulation uses deflationary policy, income policy and exchange rate policy as the advanced methods. A state may apply the adaptive policy, when the population adapts to the increased prices and the government reduces tax rates and payments. The analysis of inflation processes and inflation expectations showed that in Russia the primary devaluation effect (2014-2015) was weakened by 2016 due to the drop of market demand andgradually exhausted. Consequently, the Russian economy in 2016 reached the historic lows and amounted to 5.4% - the lowest level over a quarter of a century. According to the conducted research, it can be inferred that the development of economy of the Russian Federation develops under a conservative scenario. In terms of this scenario, during the period from 2018 to 2023 inflation will be slightly higher than in the innovation scenario and will make on average 4.8%. In the future, much will depend on the scenario of the development of the global economic crisis. There are possible various inflationary excesses, but their nature will be very limited in time and scope and won’t become a serious problem for the population and economy of the country.