The Second Wave of the Global Crisis? On mathematical analyses of some dynamic series

Global Inflation Dynamics: regularities & forecasts

“…The forecasted dollar crisis is likely to act as that very shock that will explode the price stability at the global level and will unleash the spiral of global inflation. Thus, if adequate measures are not taken, one may expect a surge of inflation around the end of this year that may also mark the start of stagflation as there are no sufficient grounds to expect the re-start of the dynamic growth of the world economy by that time (see, e.g., Akaev, Sadovnichy, Korotayev 2012;Akaev, Fomin, Korotayev 2011;Korotayev, Tsirel 2010;Korotayev, Zinkina, Bogevolnov 2011). On the other hand, as the experience of the 1970s and the 1980s indicates, the stagflation consequences can only be eliminated with great difficulties and at a rather high cost, because the combination of low levels of economic growth and employment with high inflation leads to a sharp decline in consumption, aggravating the economic depression.…”