Anti-inflationary Policy in Russia and Steps for Reducing the Volatility of Inflation

Abstract

Inflation as a process of monetary depreciation is a debatable issue for many theorists. It is formed under the influence of various reasons: monetary emission, increased government spending, global crises, budget deficit, monopoly of big companies on price determination, trade union monopoly, and others. There are many types of inflation, which are classified depending on a specific feature (the rate of price growth, the nature of the flow, causes, etc.). The paper concludes the need to focus more attention on anti-inflationary policy, while considering not just monetary levers but also non-monetary levers, follow modern trends and look for better mechanisms. The results caused actions of a well-coordinated mechanism of public authorities and their cooperation with credit organizations, the principle of simplicity and publicity, improving financial literacy of the population and considering all available opportunities in the information society. By implementing these steps, the state can more effectively influence to bring about anti-inflationary policy. The materials of scientific research can be useful to specialists in the economic field, scientists, postgraduates, undergraduates.