This article examines inflation effects on the national economy, highlighting macro and micro-level influences.
The article generalizes and substantiates the peculiarities of scientific directions and schools regarding the definition of the essence of inflation, the causes and consequences of its action at the relevant periods of development of the economies of countries. A model of the influence of inflation on the level of the national economy is proposed, in which the factors of influence on macro- and micro- levels are organically combined, the consequences that may arise from untimely influence on them. At the macro level, there are also changes in the tension in the society that are due to the growth (decrease) in the budget deficit, the possibility of implementing medium-long-term planning, and the level of confidence in government policy that reflect the causes of inflation in the country.
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Arefieva et al. (2018) studied this question.
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