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Modeling Inflation in Georgia
By:Wojciech Maliszewski
Published on 2003-11-01 by International Monetary Fund

The paper explains the behavior of inflation in Georgia in the post-stabilization period. A long-run equation linking prices to money and the exchange rate, as well as a short-run, dynamic equation for inflation are estimated. The inflation equation is stable, points to a dominant role of the exchange rate in the behavior of inflation and shows a low persistence of inflation in Georgia. The equation explains well the behavior of inflation after the Russian crises, when inflation increased sharply but was quickly brought under control, as the National Bank of Georgia kept its monetary policy tight and the exchange rate stable.
This Book was ranked at 19 by Google Books for keyword Classical dichotomy.
Book ID of Modeling Inflation in Georgia's Books is uXiFi_7psb0C, Book which was written byWojciech Maliszewskihave ETAG "h0x8QW+7nuI"
Book which was published by International Monetary Fund since 2003-11-01 have ISBNs, ISBN 13 Code is 9781451919509 and ISBN 10 Code is 1451919506
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Book which have "23 Pages" is Printed at BOOK under CategoryBusiness and Economics
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