Dunaev B.B.
Non-inflationary consumer demand

The author shows that the economies of highly developed countries can not overcome the crisis began in 2008 because their central banks restrain annual inflation less than two percent, which does not allow consumer demand to grow. The intervention of central banks into the crisis by pumping money into the economy and reducing interest rates to zero has led to sharp increase in speculative financial sector due to aggravation of the credit crisis and to monetary deflation in the real sector, which keeps depression © 2016, Springer Science+Business Media New York.

Keywords: capital, crisis, demand, depreciation, depression, economy, equilibrium, inflation, investments, labor, market, market conditions, money, supply, Commerce, Depreciation, Marketing, Personnel, Phase equilibria, capital, crisis, demand, depression, economy, inflation, Market condition, money, supply, Investments

Cite:
Dunaev B.B. (2016). Non-inflationary consumer demand. Cybernetics and Systems Analysis, 52 (4), 103-117. doi: https://doi.org/10.1007/s10559-016-9861-y http://jnas.nbuv.gov.ua/article/UJRN-0001294509 [In Russian].