留学生essay代写:通货膨胀的原因及解决方案的建议 [4]
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论文字数:2500论文编号:org201611291655498202语种:英语 English地区:英国价格:免费论文
关键词:代写essayessay范文通货膨胀
摘要:本文是留学生essay代写,主要内容是从经济学的角度探讨通货膨胀产生的原因,以及提出如何解决通货膨胀这一问题的相关建议。
mphasized that, the process of reducing aggregate demand at the times of economic expansions and increasing demand at recession times, are the best methods of controlling inflation. Controlling aggregate demands can be attained by the use of both fiscal policy as well as monetary policy.
Another policy that has been proposed in dealing with inflation is fixed exchange rate. In a regime of fixed exchange rate, the currency of the country is usually tied in value to another single currency, or a group of other currencies. In the process of stabilizing currency value, affixed exchange rate has been proposed as being the best method. It can also be applied as a means of controlling inflation. 'But as a currency reference value falls and rises, so does the currency pegged to it' (Abel & Bernanke, 2005). This reasonably means that, in a country with fixed exchange rate, inflation is determined by the rate of inflation of the country whose currency has been pegged on. In addition, the government is prevented from the usage of domestic monetary policy with the aim, of attaining macro-economic stability by the fixed exchange rate. Currently, most countries have their currency pegged on the U.S dollar. This in one way or the other limits the inflation rate in such countries, however, are exposed to the danger of speculative attacks.
Wage and price control has been proposed by several economists as another way of dealing with inflation. This has been successive during war times, though the policy has been regarded as a short term inflation control policy, but long term if coupled with policies that are designed for the reduction of inflation causes during wage and price control regime. Though its notable failure occurred in 1972 when it was imposed by Nixon Richards. This policy has perverse impacts as a result of distorted signals that it sends to the market. Artificially, low prices leads to rationing and shortages, which might discourage future investment, which might further the shortages. Normal analysis of economy, underpriced commodities is over consumed, hence resulting to its own effects in the long run. Temporary controls might complement recession as a way of fighting inflation. They usually control recession efficiently, as a way of dealing with inflation. However, generally, the advice of economists is not price imposition, but controlling and liberalizing prices by making an assumption that, economy will adjust which will result to the abandoning of unprofitable economic activities. The lower practices will place fewer demands regardless of the commodities that were driving inflation, as inflation will fall economic output in total. This in most cases has proved to giving rise to a severe recession period. This is based on the fact that, due to the reallocation of productive capacities, will result to unpopular outcome to individuals whose livelihoods were destroyed, (Abel & Bernanke, 2005).
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