Managing the country's economic security through the inflation mechanism

Alexander Zaitcev; Vladimir Matveev; Olga Smirnova

doi:10.37468/2307-1400-2023-2-50-75

UDC

336.77

MANAGING THE COUNTRY'S ECONOMIC SECURITY THROUGH THE INFLATION MECHANISM Managing the country's economic security through the inflation mechanism

АА Аа

Published in National Security and Strategic Planning · Pages 50–75 · Rubric: Economic security

DOI: https://doi.org/10.37468/2307-1400-2023-2-50-75

Received: 17.05.2023 Accepted: 28.06.2023 Published: 04.11.2023

Authors

Alexander Zaitcev

SPIN

Vladimir Matveev

SPIN

Olga Smirnova

SPIN

Alexander Zaitcev

Saint Petersburg State University of Economics

Interregional Office of the Federal Service for Financial Monitoring for the Northwestern Federal District Russian Federation · Saint Petersburg

SPIN

Vladimir Matveev

Academic degree: doctor of technical sciences ; candidate of economic sciences

Science rang: professor

Financial University under the Government of the Russian Federation, St. Petersburg branch Professor · Department of Economics and Finance

SPIN

Olga Smirnova

Academic degree: doctor of economic sciences

Science rang: professor

Peter the Great Saint-Petersburg Polytechnic University profesoor

Saint Petersburg State University of Economics

SPIN

ABSTRACT

The article updates the problem of maintaining inflation at a consistently low level. The subjects of management of this process have been identified. The study provides price formation mechanisms using the example of the construction industry. The dynamics of the cost of basic materials used in construction is presented and described. Using these examples from the construction industry, the main drivers of local inflation are identified. The concept of “cost-push inflation scissors” is considered. Some features and prerequisites for inflation and its impact on the economic security of the country's macroeconomic system have been identified. The meaning of effective demand and its role in ensuring the economic security of the macroeconomic system of the state is clarified. The mechanism of inflation targeting is described. Conclusions are drawn about possible scenarios for combating inflation and opportunities to minimize the consequences of its impact. The mechanisms and factors influencing demand and inflation are analyzed: quantitative easing, current accounts. An assessment of the issue of means of payment by the Federal Reserve System is given.

KEYWORDS

economic security, inflation, effective demand, cost-push inflation, inflation targeting, investment, public debt, current account, cross-funding, quantitative easing

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JATS XML

Chairman of editorial board

Vladimir Matveev

070355mvv@gmail.com +7(911)791-08-80

GOST

Zaitcev A. K., Matveev V. V., Smirnova O. A. Managing the country's economic security through the inflation mechanism // . 2023. pp. 50-75. DOI: https://doi.org/10.37468/2307-1400-2023-2-50-75. (Date of access 19.08.2026).

MLA

Alexander Zaitcev, Matveev V. V., Smirnova O. A.. "Managing the country's economic security through the inflation mechanism." (2023): 50-75. DOI: https://doi.org/10.37468/2307-1400-2023-2-50-75.

APA

Zaitcev A. K., Matveev V. V., Smirnova O. A. (2023). Managing the country's economic security through the inflation mechanism. , 50-75. https://doi.org/10.37468/2307-1400-2023-2-50-75

Chicago

Alexander Zaitcev, Matveev V. V., Smirnova O. A.. "Managing the country's economic security through the inflation mechanism." , no. (2023): 50-75. https://doi.org/10.37468/2307-1400-2023-2-50-75.

WIKI

{{cite journal | author = Zaitcev A. K., Matveev V. V., Smirnova O. A. | title = Managing the country's economic security through the inflation mechanism | journal = | year = 2023 | pages = 50-75 | doi = 10.37468/2307-1400-2023-2-50-75 }}

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MANAGING THE COUNTRY'S ECONOMIC SECURITY THROUGH THE INFLATION MECHANISM Managing the country's economic security through the inflation mechanism

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