+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

Inflation, the anti-inflation policy and taxes: theory and practice

Vol. 21, Iss. 2, JANUARY 2015

PDF  Article PDF Version

Available online: 18 January 2015

Subject Heading: Taxes and taxation

JEL Classification: 

Pages: 22-37

Shakirova R.K. Mari State University, Ioshkar-Ola, Russian Federation
ramziya05@gmail.com

The article states that inflation still remains one of burning issues of the modern world economy. Inflation is a long-term and steady tendency towards an increase in the average level of prices and corresponding depreciation of money. The rate of inflation is the indicator of stability and balance of the national economy and its money supply. The most important element of State regulation is the anti-inflationary policy, where the fiscal component plays a special role. In the study, the author generalized theoretical scientific concepts related to the problem of inflation, scrutinized alternative types of State anti-inflationary and adaptation policy, described the interrelations of inflationary processes and the fiscal policy of the State. To conduct the research the author used a set of general formal and logical methods and techniques, i.e. analysis and synthesis, induction and deduction, and comparison. As for private methods, the author actively applied the graphic method, and to a lesser extent - the statistical method. The paper includes the characteristics of the adaptation policy and its comparison with the anti-inflationary policy of the State, as well as describes the inflation targeting method. The author groups the methods of tax policy effects on inflationary developments. The results of the research enable a wide range of interested parties to get a comprehensive idea of the problem and various ways of its solution. The author concludes that the gradualism policy in anti-inflationary measures, which has been applied in Russia on a short-term horizon, seems to be beneficial. In the long term, consumption taxes should be of high priority in solving the problem of strengthening the fiscal component of the Russian tax system. They reduce the social demand and, therefore, have anti-inflationary effect.

Keywords: inflation, inflationary expectations, disinflation, deflation, State anti-inflationary policy, regulation methods, monetary, tax, fiscal policy

References:

  1. Bernanke B. Ekonomiks. Ekspress-kurs [Economics. Express course]. St. Petersburg, Piter Publ., 2012, 720 p.
  2. Walras L. Elementy chistoi politicheskoi ekonomii [Les elements d'economie politique pure ou Theorie de la richesse sociale]. Moscow, Izograf Publ., 2000, 448 p.
  3. Jevons W. Den'gi i mekhanizm obmena [Money and the Mechanism of Exchange]. Chelyabinsk, Sotsium Publ., 2006, 186 p.
  4. Keynes J.M. Obshchaya teoriya zanyatosti, protsenta i deneg [The General Theory of Employment, Interest and Money]. Moscow, Gelios ARV Publ., 2002, 352 p.
  5. Clark J. Raspredelenie bogatstva [The Distribution of Wealth]. Moscow, Gelios ARV Publ., 2011, 368 p.
  6. Krugman P. Osnovy ekonomiks [Economics]. St. Petersburg, Piter Publ., 2011, 880 p.
  7. Kurs ekonomicheskoi teorii [The economic theory course]. Kirov, ASA Publ., 1998, 848 p.
  8. Kurs ekonomicheskoi teorii [The economic theory course]. Moscow, Delo i Servis Publ., 2001, 832 p.
  9. Malkina M.Yu. Inflyatsiya i fiskal'nye disbalansy v rossiiskoi ekonomike [Inflation and fiscal imbalances in the Russian economy]. Finansovaya analitika: problemy i resheniya = Financial analytics: science and experience, 2010, no. 2, pp. 2–8.
  10. Malkina M.Yu. K formirovaniyu institutsional'noi teorii inflyatsii [On formation of the institutional theory of inflation]. Zhurnal institutsional'nykh issledovanii = Journal of Institutional Studies, 2013, no. 2, pp. 69–87.
  11. Marshall A. Printsipy ekonomicheskoi nauki [Principles of Economics]. Moscow, Progress Publ., 1993, 594 p.
  12. Menger C. Izbrannye raboty [Selected works]. Moscow, Territoriya budushchego Publ., 2005, 496 p.
  13. Mankiw G. Printsipy ekonomiks [Principles of economics]. St. Petersburg, Piter Publ., 2009, 672 p.
  14. Nesvetailova A. Ekonomicheskoe nasledie Khaimana Minski (global'naya finansovaya khrupkost' i krizis: uroki dlya Rossii) [Economic heritage of Hyman Minski (global financial fragility and crisis: lessons for Russia)]. Voprosy Economiki, 2005, no. 3, pp. 99–117.
  15. Pareto V. Kompendium po obshchei sotsiologii [Compendio di sociologia generale]. Moscow, SU HSE Publ., 2008, 511 p.
  16. Patinkin D. Den'gi, protsent i tseny. Soedinenie teorii deneg i teorii stoimosti [Money, interest and prices. Linking the theory of money and the theory of value]. Moscow, Ekonomika Publ., 2004, 375 p.
  17. Robinson J. Ekonomicheskaya teoriya nesovershennoi konkurentsii [The Economics of Imperfect Competition]. Moscow, Progress Publ., 1986, 472 p.
  18. Romer D. Vysshaya makroekonomika [Advanced Macroeconomics]. Moscow, SU HSE Publ., 2014, 856 p.
  19. Samuelson P. Ekonomika [Economics]. Moscow, NPO Algon Publ., 1994, 740 p.
  20. Sraffa P. Proizvodstvo tovarov posredstvom tovarov [Production of Commodities by Means of Commodities: Prelude to a Critique of Economic Theory]. Moscow, YUNITI-DANA Publ., 1999, 159 p.
  21. Stiglitz J. Kto poteryal Rossiyu? [Who Lost Russia?]. Ekonomicheskii vestnik = Economic bulletin, 2004, no. 1, pp. 4–37.
  22. Fisher I. Pokupatel'naya sila deneg [The Purchasing Power of Money, its Determination and Relation to Credit, Interest and Crises]. Moscow, Delo Publ., 2001, 320 p.
  23. Fisher S. Ekonomika [Economics]. Moscow, Delo Publ., 1997, 864 p.
  24. Fridman M. Kolichestvennaya teoriya deneg [Modern Quantity Theory of Money]. Moscow, El'fa press Publ., 1996, 320 p.
  25. Hansen A. Ekonomicheskie tsikly i natsional'nyi dokhod [Business Cycles and National Income]. Moscow, Direkt-Media Publ., 2007, 644 p.
  26. Harrod R.F. K teorii ekonomicheskoi dinamiki [An Essay in Dynamic Theory]. Moscow, Gelios ARV Publ., 1999, 160 p.
  27. Hicks J.R. Gospodin Keins i klassiki: popytka interpretatsii [Mr. Keynes and the "Classics"; A Suggested Interpretation]. Moscow, Direkt-Media Pablishing Publ., 2008, 16 p.
  28. Shchekin D.M. Nalogovye riski i tendentsii razvitiya nalogovogo prava [Tax risks and trends in tax law development]. Moscow, Statut Publ., 2007, 240 p.
  29. Ekonomicheskaya teoriya [Economic theory]. Moscow, INFRA-M Publ., 2004, 944 p.

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 3
March 2024

Archive