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INTRODUCTION
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TeeconomiccrisiscausedbytheCOVID-19pandemicin2020andtheen-
ergycrisisresultingfromthewarinUkrainein2022havehadasignificantim-
pactontheattitudeofindustrialstategovernmentstousingstabilizationpolicies
asamethodofmitigatingtheeńectsofcrises.Whileearlier,especiallyaferthe
2007+crisis,industrializedcountriesfocusedmainlyonmaintainingpricestabil-
ity,theirstabilizationpolicyduringthelasttwocrisesismorefocusedonsupport-
ingeconomicgrowth.Techangeinattitudeinthestabilizationpolicytookplace
withoutavisiblechangeinthetheoreticalfoundationsofthispolicy.Itsbasisis
stilltheNewNeoclassicalSynthesis,theassumptionsofwhicharereflectedinthe
strategyofinflationtargeting,whichcreatesthedoctrinalcontextofthemon-
etarypolicyofmoderncentralbanks.Ajustifiedquestionariseswhether,afer
theexperienceofthestabilizationpolicyrelatedtoovercomingrecentcrises,the
industrializedcountrieswillremainwiththeexistingdoctrinalfoundationsofthis
policy,orwilltheymakeaspectacularchange?
Teproblemofinterrelationsbetweenpricechangesandeconomicgrowthis
amongthemostfrequentlyandmostintenselydiscussedissuesofmodernmac-
roeconomics.Tediscussionismultidimensionalandembracesabroadcircle
ofparticipantsrepresentingeconomictheoreticians,experts,practitioners(espe-
ciallyconnectedwithcentralbanking)aswellaspoliticiansandfeaturewriters
implementingorcommentingoncurrentpolicyofauthorities.Teimportance
ofeńectsresultingfromchangesinthetwocategoriesfortheconditionsinwhich
economiesandsocietiesofparticularcountriesfunctioncausesthatitisnoteasy
tofindacompromiseorreachacommonpositionwhichwouldsatisfyallpar-
ticipantsofthisdispute.Nevertheless,asaresultofallthediscussions,empirical
researchwhichiscarriedoutandobservationsofeconomicpractice,attheend
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