INFLATION AND ECONOMIC POLICY

• Authors: Gujans Peteris
• Languages of publication: EN

Abstracts

EN

The paper focuses on problems which existed before global financial crisis and which will remain after the crisis is over. First, the causes of inflation and price equalisation are discussed. The author analyses differences in consumer prices in EU member states and concludes that two factors - climate zone and level of countries' economic development influence this difference. It is neither possible nor desirable to prevent price equalisation, but the key question remains: what should be done in order to minimise the negative impact of this process on social and demographic processes in the country. In other words, population income should be increased. In this regard, efficiency and competitiveness of Latvian economy, concept of priority branches, the problems of small- and medium-sized enterprises, corporate income tax and reinvestment of profits and social payments is analysed.

Keywords

EN

COMPETITIVENESS.; EFFICIENCY; INFLATION; POPULATION INCOME; PRICE EQUALISATION

Discipline

• ECONOMICS: ECONOMICS

• Publisher: EPC Ltd (Economic Prognosis Centre), Riga, Latvia (till March 2009 - Institute of Economics, Latvian Academy of Sciences, Ltd)
• Journal: Humanities and Social Sciences: Latvia
• Year: 2009
• Issue: 1(58)
• Pages: 6-29
• Document type: ARTICLE

Contributors

author

Gujans Peteris

• Peteris Gulans, Institute of Economics, Latvian Academy of Sciences, Akademijas laukums 1. Riga, LV 1050, Latvia

Identifiers

CEJSH db identifier

09LVAAAA05757