Time lag in the system of financial transformations

Abstract

The system of financial transformations has certain inertia. The processes of financial transformations develop in a volatile dynamic environment and require constant search for additional resources. Accordingly, this process occurs in a time interval and is recorded by a given lag gap. The purpose of this article is to study the lag as an indicator of the financial transformations process in the context of the “wave” differentiation, that is wave dynamics during the evaluation of the impact phase (wave push) and decline phase (wave surge strength). Objectives for meeting the purposes:-Build the interdependence of the GDP price deflator and the retail price index in the Russian Federation.-To make a wave projection to the phases of maturity, formation (push) and the effect of recession (surge) using the polynomial dependencies of the monetary, fiscal and business mechanisms.-Consider the time economics, as a category of economic theory for proposals in adjusting the institutions at different levels of housekeeping (economy). Research methods: the technique of wave dynamics, methods of analysis, comparison, induction and deduction were applied in this study. Results: The process of detailing the study of the time lags structure allows concluding that the complexity and ambiguity of the phenomenon of financial transformations imposes the ambiguous effect of time lags on the resultant feature, i.e. the effect of the wave force in the downturn (splash) phase. The ambiguous behavior of indicators, various subsystems instruments of monetary, fiscal and business mechanisms which are transforming and changing in each subsystem with different speed and turnover are of importance. This makes an impact both on the value of time lags and on their influence on the performance indicators of the system. The impact force of each indicator causes the transformation process in the phase of the wave decline, i.e. in the splash stage and thus creates an interdependent interaction effect. Thus, the time lags of each subsystem are not equal and have inaccuracies due to different turnover positions of the various indicators of subsystems under study. There are attempts to define the value of time, but there is no theoretical-methodological substantiation of the institutional processes for ensuring socio-economic national security considering the area development of the state, region, business, society and human by the means of identifying such a category of economic theory as time economics.