Browsing by Author "Charaia, Vakhtang"
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Item Inflation and its modifications (on the terminological aspect)(Ivane Javakhishvili Tbilisi State University Press, 2019) Papava, Vladimer; Charaia, VakhtangThe traditional inflation index regrettably fails in developing countries. Some of the commodity groups do not reflect the problems of the low income population. Agrarian inflation – agflation, becomes more and more popular in economics. The paper proposes a statistical indicator – munflation, which reflects price fluctuations on medication, utilities and nutrition. Additionally, for countries where import exceeds export by several times, obviously, it is necessary that price changes be calculated for imported goods and services (imflation).Item On the measurement of imflation and complex inflation targeting(Ivane Javakhishvili Tbilisi State University Press, 2019) Papava, Vladimer; Charaia, VakhtangThe paper analyzes the regime of inflation targeting which, unfortunately, has a number of deficiencies. One of them is that inflation targeting is powerless toward imported inflation. This problem is especially important in import dependent countries. The paper suggests the notion of an imflation index which reflects the dynamics of imported product prices in the domestic market where an important role is devoted to the national currency exchange rate. The paper suggests a complex inflation targeting when monetary policy indicators are both inflation and imflation.