Financial Regulation of Inflationary Developments in Ukraine on the Basis of the Cognitive Approach
Journal Title: Проблеми економіки - Year 2014, Vol 2014, Issue 4
Abstract
The article discusses the essence and primary factors causing the inflationary developments in Ukraine. The effects of inflation on macro- and microeconomic performance indicators of the government and economic operators were described. A cognitive model for the study of the inflationary development dynamics was constructed taking into account the cause-and-effect relations between inflation and other macroeconomic indicators, in particular the currency exchange rate, which permits identifying the priority focus areas for the state in the future helping decrease the inflation rate. The cognitive model serves as the basis for development of inflation situation scenarios, which enables using the model to identify the possible scenarios, ways and mechanisms of influencing the situation in order to achieve the desired results, to avoid the undesirable consequences, and to develop a set of measures to influence the predicted situation. The proposed scenarios are characterized by the initial data, managerial influence, and the predicted result. Thus, using the cognitive approach to modeling of the inflationary developments will help improve management efficiency at each level of the hierarchy, since introduction of modern information technology to the management of the financial processes of the state will ensure adoption of the corresponding anti-inflationary policy in the process of achieving the sought state development objectives.
Authors and Affiliations
Irina Golofaeva
Keywords
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