The Formation of Economic Behavior of Households of Ukraine under the Influence of Inflation Processes

Abstract

The main aim of the publication is clarifying the causal relations between inflationary processes in Ukraine and the formation of strategies for economic behavior of households. The study showed that the existence of institutional traits of a particular household, such as socio-economic education, which is formed under the influence of endogenous and exogenous factors, directly influence the definition of the strategy of economic behavior aimed at overcoming (preventing) the negative effects of inflationary processes. It is specified that strategies, depending on the intensity of actions, can be divided into active, proactive, reactive, and passive. At the same time, analyzing of available statistical information plus economic and mathematical modeling allow to assert that in modern conditions proactive strategy, consisting in reinvestment of funds into own human capital or participation in the State training programs may have a positive effect in the short and medium term.

Keywords

• inflation
• economic behavior
• household
• proactive strategy
• institutional peculiarities