Global Inflation Dynamics
Regularities & Forecasts
Bibliographic Data
| ID | 2641409 |
|---|---|
| Authors | Аскар Акаев, Andrey Korotayev (0000-0003-3014-2037), Alexey Fomin (0000-0003-4071-8407) |
| Year | 2012 |
| Volume | 5 |
| Issue | 3 |
| Publication date | 2012-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Structure and Dynamics eJournal of Anthropological and Related Sciences (JOURNAL) |
| Journal identifiers | ISSN: 1554-3374 • E-ISSN: 1554-3374 |
| Publisher | California Digital Library (CDL) (PUBLISHER) |
| DOI | 10.5070/sd953012952 |
| OpenAlex | W1584945411 |
| Language | EN |
| Citations received | 1 |
| References cited | 2 |
The analysis of dollar inflation performed by the authors through the approximation of empirical data for 1913-2012 with a power-law function with an accelerating log-periodic oscillation superimposed over it has made it possible to detect a quasi-singularity point around the 17th of December, 2012. It is demonstrated that, if adequate measures are not taken, one may expect a surge of inflation around the end of this year that may also mark the start of stagflation as there are no sufficient grounds to expect the re-start of the dynamic growth of the world economy by that time. On the other hand, as the experience of the 1970s and the 1980s indicates, the stagflation consequences can only be eliminated with great difficulties and at a rather high cost, because the combination of low levels of economic growth and employment with high inflation leads to a sharp decline in consumption, aggravating the economic depression. In order to mitigate the inflationary consequences of the explosive growth of money (and, first of all, US dollar) supply it is necessary to take urgently the world monetary emission under control. This issue should become central at the forthcoming G8 and G20 summits
Economics · Exchange rate · Inflation (cosmology · Keynesian economics · Liberian dollar · Macroeconomics · Monetary economics · Monetary policy · Order (exchange · Physics · Stagflation · Us dollar · Complex Systems and Time Series Analysis · Economic Development and Digital Transformation · Market Dynamics and Volatility · Finance
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,2 |
| Citation span | 2021 - 2021 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |