Modeling Inflation in Georgia

Modeling Inflation in Georgia
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... READ MORE...

Publication date: November 2003
ISBN 9781451874914
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