UDC 30.101.541-336.7
1 State Educational-Scientific Establishment "The Academy of Financial Management," Kyiv, Ukraine
 tatiefim@gmail.com
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2 State Educational-Scientific Establishment "The Academy of Financial Management," Kyiv, Ukraine
bbdunaev@ukr.net
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3 State Educational-Scientific Establishment "The Academy of Financial Management," Kyiv, Ukraine
alyubich@ukr.net
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INFLATION TARGETING MODEL IN MACROECONOMICS
Abstract. Empirical targeting by lowering inflation to the marginal level that causes monetary deflation
and transition to depression is shown to increase the growth of real GDP, while increasing inflation
from the marginal level reduces the growth of real GDP. Inflation is expressed according to the theory
of reproduction of the country’s economy by the mathematical function of the amount of money in circulation,
hard currency, interest rate, the cost of capital loaded in production, the coefficient of material consumption
of production, and unemployment rate. A model for regulating the economy by targeting inflation is developed,
which allows the Central Bank to determine the target indicators for the period under consideration based
on the statistical indicators of the previous period and the nomogram of the inflation function of its arguments.
The growth of the Ukrainian economy was simulated with a target inflation of four percent during 2021–2023
after the recession in 2020 caused by the coronavirus pandemic.
Keywords: macroeconomics, regulation, market, equilibrium, labor, capital, money, interest rate, currency, exchange rate, crisis, depression, inflation, targeting.
FULL TEXT
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