ASSESSMENT OF THE INTERDEPENDENCE BETWEEN LOSS OF CONFIDENCE IN PUBLIC AUTHORITY AND MACROECONOMIC STABILITY OF UKRAINE

In the conditions of changes in social relations, trust becomes a relevant factor in human activity. Ensuring trust in public authorities is an urgent issue today, as a prerequisite for the socio-political and economic growth of the country. Quite often, it depends on the effectiveness of state regulation, namely, the adopted strategy of reform, the definition of strategic targets of state policy regarding the functioning of socio-political and economic institutions at the micro-, meso-, and macrolevels. The purpose of the article was to assess the relationship between the loss of trust in public authorities and the macroeconomic stability of Ukraine. The authors proposed a scientific and methodical approach to assessing the interdependence of relevant components: 1) a research base was formed, which involves collecting and checking determinants for abnormality by the Irwin method; 2) the relevant determinants of the macroeconomic component according to factor loadings are determined (by the stony scree graph); 3) normalization of determinants of macroeconomic development and indicators of distrust in public authorities based on Harrington's approach; 4) formation of integral indicators using the convolution method of calculating the geometric mean value; 5) regressive interdependencies between the loss of trust in public authorities and the macroeconomic stability of Ukraine are constructed. The obtained results made it possible to analyze the consequences of the crisis of confidence on macroeconomic stability. A high level of alienation between society and political institutions inhibits economic development, stable socio-political growth and macroeconomic stability of the country as a whole. The results will be useful for the activities of the Verkhovna Rada of Ukraine, the Office of the President of Ukraine, the Cabinet of Ministers, central bodies of executive and legislative power of Ukraine, the Ministry of Finance of Ukraine, and the Ministry of Social Policy of Ukraine.