РОЛЬ МОНЕТАРНОЇ ПОЛІТИКИ В КОНЦЕПЦІЯХ ДІЛОВИХ ЦИКЛІВ

Інна Школьник; Юрій Огорілко

doi:10.32782/2308-1988/2024-49-17

Інна Школьник Сумський державний університет https://orcid.org/0000-0002-5359-0521
Юрій Огорілко Сумський державний університет https://orcid.org/0009-0001-2108-5192

DOI: https://doi.org/10.32782/2308-1988/2024-49-17

Ключові слова: монетарна політика, центральний банк, Австрійська школа, ділові цикли, екзогенні шоки

Анотація

Стаття присвячена питанню ролі монетарної політики в концепціях ділових циклів. В результаті дослідження авторами відзначено, що у науковій літературі пояснення природи ділових циклів відбувається виходячи з факторів монетарної політики або показників, які характеризують виробничу сферу економіки (реальні бізнес-цикли). Відродження інтересу до інтерпретацій ділових циклів пов’язане з економічною кризою 2008-2009 років та пандемією COVID-19. Концепція Кідланда-Прескота, що ґрунтується на технологічних потрясіннях та максимізації трудових ресурсів як рушійних силах ділових циклів, пояснює причини спаду, що відбувся за пандемії COVID-19. У свою чергу, необґрунтована експансійна монетарна політика, як передумова економічної кризи 2008-2009 років, повністю відповідає поясненням неминучості спаду (депресії) з позиції Австрійської школи.

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