Cybernetics And Systems Analysis logo
Editorial Board Announcements Abstracts Authors Archive
Cybernetics And Systems Analysis
International Theoretical Science Journal
Volume 58 >>> № 5 SEPTEMBER — OCTOBER 2022
-->

UDC 30.101.541-336.7
T.I. Iefymenko1, B.B. Dunaev2, A.A. Lyubich3


1 Academy of Financial Management, Kyiv, Ukraine

 tatiefim@gmail.com

2 Academy of Financial Management, Kyiv, Ukraine

 bbdunaev@ukr.net

3 Academy of Financial Management, Kyiv, Ukraine

 alyubich@ukr.net

MODEL OF REGULATION OF THE REPRODUCTIVE PROCESS OF THE ECONOMY

Abstract. The authors analyze the regulation of the reproduction process in the interaction of the real and financial sectors of economy by variations in the cash in circulation and through the investment policy of the state and the consequences of the collapse of the value of securities. The production sphere is shown to unite the production system (production), banking system, market system, rest of the world, and households. It is shown that the regulators of economic reproduction are: the banking system, which provides lending to production and provides the necessary amount and speed of money in the real sector; the financial sector by selling securities for cash and investing in production; the state that pursues an investment policy for the expanded reproduction of productive capital. The reproduction process of the economy of Ukraine is modeled for 2022–2024 by the statistical data of 2020 and 2021.

Keywords: macroeconomics, regulation, market, equilibrium, labor, capital, money, interest rate, currency, exchange rate, crisis, depression, inflation, targeting.


FULL TEXT

REFERENCES

  1. Robinson J. The rate of interest. In: The Generalization of the General Theory and Other Essays. London: MacMillan, 1952. Р. 67–142.

  2. Borzenko O.O. Structural deformations in world financial markets after the 1990s [in Ukrainian]. Vinnytsia: Vasyl Stus DonNU, 2019. 448 p.

  3. Stiglitz J. Hard dive: America and the new economic order after the global crisis [Russian translation]. Moscow: Eksmo, 2011. 512 p.

  4. Dunaev B.B. Regulation of inflation in macroeconomics. Scientific works of NDFI. 2020, N 4. P. 80–94. https://doi.org/10.33763/npndfi2020.04.080 .

  5. Iefymenko T.I., Dunaev B.B., Lyubich A.A. Inflation targeting model in macroeconomics. Cybernetics and Systems Analysis. 2021. Vol. 57, N 6. P. 968–977. https://doi.org/10.1007/s10559-021-00422-1.

  6. Didenko O.M. Regulation of banking activity in the context of reconciliation of the interests of the state and business: Diss. ... Doctor of Economics Sumy: Sumy State University, 2016. 463 p.

  7. Dunaev B.B. Welfare - labor, capital and money: Fundamentals of the theory of reproduction [in Russian]. 2nd ed. Kyiv: Interdruk, 2013. 231 p.

  8. Dunaev B.B., Kirilenko L.V. Deflationary regulation of market equilibrium. Cybernetics and Systems Analysis. 2018. Vol 54, N 2. P. 258–270. https://doi.org/10.1007/s10559-018-0027-y .

  9. Dunaev B.B. Banking regulation of macroeconomic processes. Cybernetics and Systems Analysis. 2021. Vol. 57, N 1. Р. 108–123. https://doi.org/10.1007/s10559-021-00334-0.

  10. Sachs J.D., Larran F.B. Macroeconomics in the global economy. Pearson: College Div., 1993. 798 p.

  11. Dunaev B.B. Non-inflationary consumer demand. Cybernetics and Systems Analysis. 2016. Vol. 52, N 4. Р. 588–599. https://doi.org/10.1007/s10559-016-9861-y .

  12. Dunaev B.B., Lyubich A.A. Model of functioning of the economy at the market rate of currency. Cybernetics and Systems Analysis. 2020. Vol. 56, N 1. Р. 126–138. href="https://doi.org/10.1007/s10559-020-00228-7.

  13. Dunaev B.B. Optimization of production income tax rate. Cybernetics and Systems Analysis. 2019. Vol. 55, N 3. P. 430–440. https://doi.org/10.1007/s10559-019-00150-7.

  14. Dunaev B.B. Dynamics of economic cycles. Cybernetics and Systems Analysis. 2017. Vol. 53, N 2. P. 293–307. https://doi.org/10.1007/s10559-017-9929-3 .

  15. Bullard J. President’s Message: Quantitative Easing — Uncharted Waters for Monetary Policy. URL: https://www.stlouisfed.org/publications/regional-economist/january-2010/quantitative-easinguncharted -waters--for-monetary-policy

  16. Draghi M., Constncio V. Introductory statement to the press conference (with Q&A). 19 January 2017. URL: http://www.ecb.europa.eu/press/pressconf/2017.

  17. Draghi M., de Guindos L. Introductory statement to the press conference 12 September 2019. URL: https://www.ecb.europa.eu/.

  18. Investment strategy 2020–2021. URL: https://www.finambank.ru .

  19. Inflation in the US has reached a 40-year high. URL: https://finclub.net/ua/news.

  20. Gorbachuk V.M. Macroeconomic methods [in Ukrainian]. Kyiv: Alterpress, 1999. 263 p.

  21. Gorbachuk V.M. Macroeconomic methods: theories and applications [in Ukrainian]. Kyiv: Kyi, 2000. 271 p.

  22. Monetary and credit and financial statistics. URL: http://www.bank.gov.ua .

  23. World economic outlook database. October 2021–IFM. URL: https://www.imf.org/external/pubs .

  24. National accounts. Economic statistics /2019/2020. URL: http://ukrstat.gov.ua/operativ .




Editorial Board Announcements Abstracts Authors Archive
about scope office editorial board instructions for authors subscriptions contacts
© 2022 Kibernetika.org. All rights reserved.