BUSINESS INFORM №6-2016

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Section: Economic Theory
UDC 330.16
Babiy M. V.
The Adaptive Conduct of Households and the Risks of Institutional Traps in the Conditions of Transformation Processes (p. 13 - 19)
The transmuted forms of implementing the principle of the liquidity preference in the face of protracted instability of both income and prices as the prerequisite for mutation of the adaptive conduct of households are disclosed. The macroeconomic and institutional impacts of transformation of saving the liquidity into the stocks of consumer savings of households in terms of the abnormal price volatility have been characterized. Influence of slowing the turnover of stocks on accelerating the turnover of money along with reducing GDP has been disclosed. It is shown that the propensity of the State to pass on to households the function of lender of the final instance, which in any case would be able to find a way to its survival, ignores the specific forms of adaptive conduct of households and includes the risk of a total de-institutionalization of the economic system together with replacement of the State regulatory mechanisms with the mechanisms of direct violence. It has been proven that social restrictions to the policy of financial stabilization must be a strategic benchmark for the State, which is being forced to seek ways to integrate into the global space in the conditions of dangerous ruptures and shocks of both internal and external origin.
Keywords: household, adaptation, inflation, propensity to save, institutional trap, risk, financial stabilization
Bibl.: 15.

Babiy Maksym V. – Postgraduate Student, Department of Economic Theory and Economic Methods of Management, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Babiy, Maksym V. (2016) “The Adaptive Conduct of Households and the Risks of Institutional Traps in the Conditions of Transformation Processes.” Business Inform 6:13–19.

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