Article
Permanent URI for this collection
Browse
Browsing Article by Author "Ananiashvili, Iuri"
Now showing 1 - 3 of 3
Results Per Page
Sort Options
Item Econometric analysis of the peculiarities of the impact of fiscal and monetary instruments on aggregate demand in the Georgian economy(Ivane Javakhishvili Tbilisi State University Press, 2018) Ananiashvili, Iuri; Bardavelidze, AnaAccording to the model analysed in this article, increase of avarage tax rate can have either positive or negative impact on aggregate demand.Character of this impact is determined by the correspondence between marginal propensity of households to consume and marginal propensity for goverment purchases. This correspondence varies across states and time periods. In the article by means of econometric analysis it is shown that in 2006-2017 years marginal propensity of households to consume exceeded marginal propensity for goverment purchases in economy of Georgia. Because of this, aggregate demand was negatively dependent on avarage tax rate in Georgia during the discussed period of time.Item Econometric model for estimating the Georgian labour market equilibrium(Ivane Javakhishvili Tbilisi State University Press, 2022) Ananiashvili, IuriThis article proposes a method to estimate the labor market model consisting of regression equations. It takes into account the specifics of the market mechanism and makes it possible to fully or partially identify the functions of labor supply and demand, even when the only data available is on the real wages and the number of employees. Unlike the traditional approach, the proposed method is based on the assumption that not every pair of real wages and the number of employees included in the data sample corresponds to the market equilibrium. The estimation of equations of this model involves a two-step process. First, using the sample of data on real wages and the number of employees, the employment line (curve) is estimated, and the point of its maximum, which corresponds to the point of market equilibrium, is defined. Then, given the location of the equilibrium point, subsamples that define the demand for labor and the labor supply are identified from the total sample, and their respective equations are constructed. The article demonstrates how to apply this method, using the Georgian labor market as an example.Item Monetary politics in quasi-linear macroeconomic model(Ivane Javakhishvili Tbilisi State University Press, 2019) Ananiashvili, IuriIn this article we introduce an original model of macroeconomic equilibrium that consists of 7 interconnected equations. The five equations out of the seven, describe equilibrium of aggregate markets of intermediate goods, final goods, labour, capital and money. The remaining two equations depict the process of formation of equilibrium price level. In the paper it is shown that if an interest rate is not accounted for as an explanatory variable in a demand function for final goods, then money is absolutely neutral in economy. When interest rate is accounted for, then growth of money supply contributes to the growth of the values of nominal as well as real variables.