The effect of the inflationary spiral mechanism in the modern Russian economy

Botashev R. A., Aidinova D. H.-M.

The article studies the effectiveness of the inflationary spiral model in the Russian economy in modern conditions. The study was conducted by applying the method of correlation and regression analysis and statistical data for the last 20 years. As a result of the analysis, the mechanism of influence of the main factors on the level of inflation is revealed, and an economic and mathematical model for forecasting the level of inflation is obtained. Along with extensive statistical data on inflation, unemployment and wages, the paper uses theoretical provisions on the mechanism of the inflationary spiral and macroeconomic indicators of Russia and developed countries.

Keywords:price, price discrimination, inflation, inflationary spiral, demand inflation, cost inflation, stagflation, labor price, employment, unemployment, inflationary expectations, inflationary inertia.