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 exchan...

Celý popis

Podrobná bibliografie
Hlavní autor: Maliszewski, Wojciech
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2003.
Edice:IMF Working Papers; Working Paper ; No. 2003/212
On-line přístup:Full text available on IMF
LEADER 01653cas a2200241 a 4500
001 AALejournalIMF002693
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451874914 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Maliszewski, Wojciech. 
245 1 0 |a Modeling Inflation in Georgia /  |c Wojciech Maliszewski. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2003. 
300 |a 1 online resource (23 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2003/212 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2003/212/001.2003.issue-212-en.xml  |z IMF e-Library