In general, unanticipated inflation redistributes wealth from creditors to debtors, helping borrowers and hurting lenders. An unanticipated decline in inflation has the opposite effect. It should also be mentioned that there are different approaches of main schools of economic thought to inflation and stabilizing economic policy, which should be more thoroughly examined. Many of these areas were are examined in this paper. Nevertheless, there are still a lot of uncleared points in the area of inflation and its impacts being left for further research.
Paper is in English language.
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