CALCULATION OF THE INTERACTION EFFECT BETWEEN PUBLIC DEBT AND INFLATION IN THE ECONOMY

Abstract

This article examines the theoretical essence of inflation and its main macroeconomic determinants in the context of Uzbekistan’s economy. The study analyzes key monetary factors (money supply growth, interest rate, inflation expectations), real sector factors (aggregate demand and supply imbalances), as well as the role of fiscal deficit and exchange rate dynamics. Particular attention is given to inflation processes in Uzbekistan after the 2017 economic reforms and the transition to an inflation-targeting regime. The findings indicate that inflation has a multifactorial nature, and coordination between monetary and fiscal policy is essential for ensuring price stability