Abstract
A reasonably small inflation helps economy as a whole—by encouraging spending, but it also hurts people by decreasing the value of their savings. It is therefore reasonably to come up with an optimal (and fair) level of inflation, that would stimulate economy without hurting people too much. In this paper, we describe how this can be potentially done.
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Reference
D. Kahneman, Thinking, Fast and Slow (Farrar, Straus, and Giroux, New York, 2011)
Acknowledgements
This work was supported in part by the National Science Foundation grants 1623190 (A Model of Change for Preparing a New Generation for Professional Practice in Computer Science), and HRD-1834620 and HRD-2034030 (CAHSI Includes), and by the AT&T Fellowship in Information Technology. It was also supported by the program of the development of the Scientific-Educational Mathematical Center of Volga Federal District No. 075-02-2020-1478, and by a grant from the Hungarian National Research, Development and Innovation Office (NRDI).
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Aguilar, S., Kreinovich, V. (2023). How to Make Inflation Optimal and Fair. In: Ceberio, M., Kreinovich, V. (eds) Uncertainty, Constraints, and Decision Making. Studies in Systems, Decision and Control, vol 484. Springer, Cham. https://doi.org/10.1007/978-3-031-36394-8_10
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DOI: https://doi.org/10.1007/978-3-031-36394-8_10
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