MODELING IMPACT OF INFLATION ON ECONOMIC GROWTH IN UKRAINE

Abstract

The article has investigated one of the key theses of monetary policy about the correspondence of the rate of inflation with economic growth in the country. The authors have determined the essence of the inflation and economic growth. Retrospective analysis of the rate of inflation and GDP particularly during the 1996-2013 has been done. The economics model has been made which has illustrated the correlation between inflation and economic growth. General conclusions that one of the most important factors influencing the real GDP is the rate of inflation have been made.