GLOBAL INFLATION. THE RELATIONSHIP BETWEEN INFLATION AND THE DEVELOPMENT OF INFORMATION SYSTEMS AND TECHNOLOGIES

Authors

DOI:

https://doi.org/10.31891/2307-5740-2024-330-14

Keywords:

inflation, world economy, technology, federal reserve system, production, purchasing power, price level, data, information

Abstract

The problem of global inflation and its connection with the development of information systems and technologies today is of considerable interest in scientific and practical circles. Inflation is a serious challenge for the world economy and has negative consequences for economic development and the well-being of the population. In the context of information systems and technologies, the question arises about the impact of their development on inflationary processes. Research shows that information systems and technologies can have both positive and negative effects on inflation. Understanding this relationship is important for effectively managing inflation and promoting sustainable economic development. The development of scientific and practical solutions in this field is an important task for achieving economic stability and increasing well-being.

This article examines the problem of inflation within the global economy and the relationship between the inflation rate and the implementation of information systems and technologies. The main methods of inflation control are highlighted, as well as the monetary policy of the Federal Reserve in recent years. The role of information systems and technologies and their impact on the economy are considered. Positive and negative consequences of the spread of information systems and the relationship with the level of inflation are highlighted.

Published

2024-05-30

How to Cite

DRIK, I., SKRYPNYK, A., & BЕLOZERTSEV V. (2024). GLOBAL INFLATION. THE RELATIONSHIP BETWEEN INFLATION AND THE DEVELOPMENT OF INFORMATION SYSTEMS AND TECHNOLOGIES. Herald of Khmelnytskyi National University. Economic Sciences, 330(3), 105-108. https://doi.org/10.31891/2307-5740-2024-330-14