Perspectives on Business Management, Economics & Information Technology (PBMEIT) Now also covers research on Psychology

PBME Volume VII ISBN: 978-81-951151-4-3

INFLATION MANAGEMENT TECHNIQUES IN THE POST-PANDEMIC ERA: AN EXAMINATION OF TOP 10 ECONOMIES

Author(s): BHAVYA SATISH PATEL

doi: https://doi.org/10.5281/zenodo.7712665

Abstract

Countries globally are fighting inflation after Governments have printed monies to meet their COVID-19 expenditure. However, slower economic growth rates, geopolitical tensions, sanctions, elevated prices of crude oil and other commodities, and supply chain bottlenecks are making this fight more difficult. This research article examines the inflationary control approaches followed by the governments and the authorities of the top 10 economies of the world according to their GDP in controlling the rising inflation. The study sample includes the United States of America, China, Japan, Germany, India, the United Kingdom, France, Brazil, Italy, and Canada. This study examines the question: Can developed countries, despite having most of the necessary resources with them, be able to manage rapidly rising inflation? A clear research gap arose because of the falling economic growth in the world post-pandemic. Therefore, this paper focuses on how countries have changed their monetary and fiscal policies to manage high inflation rates. Lessons from this inflationary study can help Governments and administrations handle saving their economies better.

Keywords: macro inflation, GDP, central banks, monetary policy, fiscal policy

JEL Classification: E42, E52, E58, E24, E63

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