MITIGATING INFLATION: A COMPREHENSIVE ANALYSIS OF POLICY MEASURES AND THEIR IMPACTS ON THE U.S. ECONOMY

Abstract

Background: Inflation is the continuous increase in the general price level of goods and services over time. In the context of the United States, managing inflationary pressures has been a permanent challenge tangled with economic stability and growth. The primary objective of this study is to systematically evaluate the impact of different policy measures on inflation dynamics in the U.S. economy. Methods: This study utilized a mixed-methods approach, combining quantitative and qualitative data. Quantitative data were collected through surveys administered to U.S. policymakers. These survey responses were then analyzed using time series analysis techniques. On the other hand, qualitative data were gathered through interviews, providing valuable insights. Thematic analysis was employed to explore patterns and themes within the qualitative data. Results: To effectively address inflation and its volatility, the U.S. should maintain its existing M.P. framework while enhancing the precondition and subsequent requirements for its adoption. Conclusion: It underscores the need for a comprehensive approach considering the interplay between different policy measures and their broader economic impacts. This research provides a foundation for the subsequent analysis to fill the identified gaps and contribute to the ongoing discourse on effective inflation control strategies in the U.S. economy.