Inflationary Processes in Russia Amid the COVID-19 Pandemic

The article examines inflationary processes in Russia and the impact of the coronavirus recession on them. The need for this study is due to the fact that the existing factors of inflation in modern conditions "overgrown" with new causes due to changes in the world economy. Using the metho...

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Autores principales:	Dz. I. Ramazanov, E. Yu. Onopyuk
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2021
Materias:	inflation recession agflation imbalances in prices exchange rate state debt budgetary policy anti-inflationary policy Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/6eb63f4c8b1642c7948a41d836b7685f
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spelling	oai:doaj.org-article:6eb63f4c8b1642c7948a41d836b7685f2021-11-15T05:20:51ZInflationary Processes in Russia Amid the COVID-19 Pandemic2413-28292587-925110.21686/2413-2829-2021-4-52-60https://doaj.org/article/6eb63f4c8b1642c7948a41d836b7685f2021-07-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/1124https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article examines inflationary processes in Russia and the impact of the coronavirus recession on them. The need for this study is due to the fact that the existing factors of inflation in modern conditions "overgrown" with new causes due to changes in the world economy. Using the methods of positive and normative analysis, tabular and graphical analysis, factors that have a particular impact on inflation are considered, taking into account the events taking place in the world economy. As a result, the study showed that the exchange rate, the situation on the food market and budget financing are the factors that had the most significant impact on inflation in Russia. The conclusion is made about the significant role of the dynamics of the ruble exchange rate in the deployment of inflation, the contribution of agflation and price disparity to the consumer price index. The directions of struggle against price disparity and their use in anti-inflationary strategy are considered. The duality of the nature of public debt and inflation is revealed, a conclusion is made about the possibility of increasing public debt, and possible inflationary scenarios for the economy are given. Based on the results of the study, it is proposed to use an anti-inflationary strategy that would fully take into account inflation factors and adequate anti-inflationary policy instruments. The growth of public debt, according to the authors, will have a delayed inflationary effect; tightening of monetary policy is in conflict with the achievement of sustainable rates of economic growth. Anti-inflationary policy should be aimed at leveling external shocks while maintaining the guidelines for a stimulating monetary policy.Dz. I. RamazanovE. Yu. OnopyukPlekhanov Russian University of Economicsarticleinflationrecessionagflationimbalances in pricesexchange ratestate debtbudgetary policyanti-inflationary policyEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 4, Pp 52-60 (2021)
institution	DOAJ
collection	DOAJ
language	RU
topic	inflation recession agflation imbalances in prices exchange rate state debt budgetary policy anti-inflationary policy Economics as a science HB71-74
spellingShingle	inflation recession agflation imbalances in prices exchange rate state debt budgetary policy anti-inflationary policy Economics as a science HB71-74 Dz. I. Ramazanov E. Yu. Onopyuk Inflationary Processes in Russia Amid the COVID-19 Pandemic
description	The article examines inflationary processes in Russia and the impact of the coronavirus recession on them. The need for this study is due to the fact that the existing factors of inflation in modern conditions "overgrown" with new causes due to changes in the world economy. Using the methods of positive and normative analysis, tabular and graphical analysis, factors that have a particular impact on inflation are considered, taking into account the events taking place in the world economy. As a result, the study showed that the exchange rate, the situation on the food market and budget financing are the factors that had the most significant impact on inflation in Russia. The conclusion is made about the significant role of the dynamics of the ruble exchange rate in the deployment of inflation, the contribution of agflation and price disparity to the consumer price index. The directions of struggle against price disparity and their use in anti-inflationary strategy are considered. The duality of the nature of public debt and inflation is revealed, a conclusion is made about the possibility of increasing public debt, and possible inflationary scenarios for the economy are given. Based on the results of the study, it is proposed to use an anti-inflationary strategy that would fully take into account inflation factors and adequate anti-inflationary policy instruments. The growth of public debt, according to the authors, will have a delayed inflationary effect; tightening of monetary policy is in conflict with the achievement of sustainable rates of economic growth. Anti-inflationary policy should be aimed at leveling external shocks while maintaining the guidelines for a stimulating monetary policy.
format	article
author	Dz. I. Ramazanov E. Yu. Onopyuk
author_facet	Dz. I. Ramazanov E. Yu. Onopyuk
author_sort	Dz. I. Ramazanov
title	Inflationary Processes in Russia Amid the COVID-19 Pandemic
title_short	Inflationary Processes in Russia Amid the COVID-19 Pandemic
title_full	Inflationary Processes in Russia Amid the COVID-19 Pandemic
title_fullStr	Inflationary Processes in Russia Amid the COVID-19 Pandemic
title_full_unstemmed	Inflationary Processes in Russia Amid the COVID-19 Pandemic
title_sort	inflationary processes in russia amid the covid-19 pandemic
publisher	Plekhanov Russian University of Economics
publishDate	2021
url	https://doaj.org/article/6eb63f4c8b1642c7948a41d836b7685f
work_keys_str_mv	AT dziramazanov inflationaryprocessesinrussiaamidthecovid19pandemic AT eyuonopyuk inflationaryprocessesinrussiaamidthecovid19pandemic
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Inflationary Processes in Russia Amid the COVID-19 Pandemic

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