Are the well-known economic hypotheses about the effects of inflation and devaluation suitable for Ukraine?
In Ukraine, the well-known position of the Keynesian theory of the utility of moderate inflation is not confirmed. There is no such a level of price increase which would cause the improvement of the economy. Any inflation reduces the real GDP. If inflation falls short of the devaluation, the real G...
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| Format: | Article |
| Language: | English |
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Vilnius University Press
2015-01-01
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| Series: | Ekonomika |
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| Online Access: | https://www.journals.vu.lt/ekonomika/article/view/8787 |