Globalization of Economics and Politics of Antiinflation

Abstract

 We can conclude that, in understanding of the essence of inflation, preference must be given to the conception according to which the inflation is the violation of the money turnover law, the violation that shows itself in the surplus of money stock compared to its real demand, or in the exchange depreciation followed by price increases without enriching the production quality. Among various monetary and non-monetary factors causing the inflation, the main ones are the growth of demand and the growth of costs (of shipping). In fact, mostly, the monetary and non-monetary factors of the price increases act simultaneously in economy. For the moment, there is no any perfect classification of inflation types in the economic literature. The expanded scheme of classification given in the paper is approximative and needs to be supplemented by inflation types which appear during the integration processes in the world. The low efficiency of the monetary model of anti-inflation regulation, applied in most of the countries in the world, made it necessary to use a new strategy against inflation, i.e. inflation targeting. It appeared as an intersection of new classical and new Keynesian theories, as a reaction to the weakening of results of monetary aggregates and exchange rate targeting.