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92 pages :
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illustrations ;
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21 × 29.7 cm.
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AUTHOR-SUPPLIED ABSTRACT: Abstract: As a phenomenon, inflation has recently been on the rise across the globe. In the cases of some developed countries, inflation levels are reaching levels not seen in at least the previous two decades. According to Reinhart and Von Luncker (2022), across the globe, both in developing and developed countries, the world is faced with inflation above 5% on an annualized basis. By reviewing past periods of inflation throughout history, the paper intends to isolate key causes, as well as provide potential solutions and suggestions to help tackle the problem. The research will focus on both qualitative and quantitative factors that influence inflation. The quantitative part will include a time-series analysis of CPI data, interest rates, and money supply, among other variables, to find correlations that precede inflation. The qualitative part will examine geopolitical realities, psychology, and government policies. Additionally, the paper will explore the difference in perception of inflation among various economic schools and how they have influenced monetary policy. Although the paper will include examples of hyperinflation and information about inflation in the early-modern and modern periods, the main focus will be on the time period from 1960-2022, primarily pertaining to the G20 countries. The analysis will rely on data obtained from the OECD, IMF, and World Bank databases, as well as relevant central banks. The goal of the research is to provide policy makers today with useful suggestions and methods to combat inflation by identifying common trends and patterns among the analyzed examples. Two primary aspects will be considered: policy errors and external factors leading up to inflationary periods, and the responses to inflation by economic policy makers and governments, assessing their effectiveness in suppressing the phenomenon. Keywords: inflation, developed countries, causes, solutions, qualitative factors, quantitative factors, time-series analysis, CPI data, interest rates, money supply, geopolitical realities, psychology, government policies, economic schools, monetary policy, hyperinflation, G20 countries, policy makers.
Note:
DISSERTATION NOTE: Master of Business Administration thesis, Berlin International University of Applied Sciences, 2022.
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MACHINE-GENERATED CONTENTS NOTE: Table of Contents Introduction .................................................................................................................. 1 Section I 1. Defining Inflation ................................................................................................. 2 2. Hyperinflations in the Modern Era ........................................................................ 9 Section II Review of Existing Literature .................................................................................. 12 Section III Methodology ......................................................................................................... 16 Results ................................................................................................................... 20 Section IV Current Reality .................................................................................................... 45 Causes of Today's Inflation ................................................................................... 46 Section V Discussion ........................................................................................................... 51 Conclusion ................................................................................................................. 55 Appendix ................................................................................................................... 56 References ................................................................................................................. 72 Figures ...................................................................................................................... 90 Table of Contents
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Keywords:
Academic theses
