Comparing Inflation Control Measures in Developed vs. Developing Economies

Abstract

This study analyzes monetary and fiscal strategies used to control inflation in developed economies (USA, UK) versus developing economies (India, Nigeria). Using thirty years of macroeconomic data and policy analysis, the research shows that developed countries rely on interest rate adjustments, inflation targeting, and market-based mechanisms, achieving predictable effects. Developing countries often employ price controls, subsidies, and direct interventions, which can have mixed or unintended consequences. Institutional strength, fiscal discipline, and market sophistication explain these differences. The study provides policy recommendations for effective inflation control tailored to economic maturity, emphasizing monetary credibility, transparency, and targeted interventions in developing nations.