Modeling Inflation in Georgia

Topics:
World Bank
Tags:
Currency & Foreign Exchange,
Finance,
Georgia,
Inflation,
Inflation Equation,
Modeling
Source:
International Monetary Fund

FREE Registration is required

Overview: 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.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 275KB | Date: Nov 2003 | Pages: 23

People who downloaded this item also downloaded

White Paper The Forgotten Problem of Inflation
White Paper Price Level Changes and Financial Accounting Measurement
White Paper Inflation And Its Impact On Investments
White Paper Inflation-Linked Bonds
White Paper Does Inflation Uncertainty Vary with the Level of Inflation?

Top results from World Bank

White Paper Next-Generation, Low-Latency Front-Office Computing for Capital Markets
White Paper Trade Credit and the Effect of Macro-Financial Shocks: Evidence From U.S. Panel Data
White Paper The Case For Open Global Capital Markets
White Paper Multinational Enterprises, International Trade, and Productivity Growth: Firm-Level Evidence from the United States
White Paper Evolution and Performance of Exchange Rate Regimes

» View all World Bank listings

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Returning users: Log In Here!

Already registered on BNET, TechRepublic, or ZDNet? Simply log in.

Free Membership: Sign Up Now!

Sign up for a free membership today and get instant and unlimited access to one of the largest databases of white papers, webcasts, and casestudies anywhere. Your FREE membership allows you to:

  • Download an unlimited amount of content, including classic and current white papers, case studies, webcasts and more
  • Track content on your chosen topics of interest
  • Receive targeted email alerts when your favorite content is added
  • Save content for future reading
  • Receive our member newsletter

When you register to access this directory, you become a member of BNET. In addition, you allow us to share your information with companies that produce products or services featured in the library--so that such companies may contact you with information and offers regarding their products and services. This enables us to keep the library a free service. As a directory registrant, you will receive a complimentary subscription to the BNET member newsletter, The BNET Report. You can unsubscribe from this newsletter at any time. By clicking the Sign up button, you indicate that you agree to our Terms and Conditions and have read and understand our Privacy Policy (updated).