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Inflation and its modifications (on the terminological aspect)

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dc.contributor.author Papava, Vladimer
dc.contributor.author Charaia, Vakhtang
dc.date.accessioned 2019-11-07T13:32:19Z
dc.date.available 2019-11-07T13:32:19Z
dc.date.issued 2019
dc.identifier.citation Economics and Business, №2, 2019, pp. 221-228 en_US
dc.identifier.issn 1987-5789
dc.identifier.uri http://dspace.tsu.ge/xmlui/handle/123456789/361
dc.description • Charaia V. Papava V., 2018. Agflation and other Modifications of Inflation (the cases of Georgia and its neighboring countries). Annals of Agrarian Science, Vol. 16, No. 2, pp. 201– 205, https://www.sciencedirect.com/science/article/pii/S1512188718300897?via%3Dihub • Charaia V., Papava V., 2017a. From Inflation to Imflation, Agflation and Munflation. The Market Oracle, April 6, http://www.marketoracle.co.uk/Article58686.html • Charaia V., Papava V., 2017b. Inflation Index Modifications and Expediency of their Application for Georgia. GFSIS Expert Opinion, No. 77. https://www.gfsis.org/files/library/ opinion-papers/77-expert-opinion-eng.pdf • Charaia V., Papava V., 2017c. The Role of Inflation and its Targeting for Low-Income Countries (Lessons from Post-Communist Georgia). European Journal of Economic Studies, Vol. 6, No. 2, pp. 96–103, http://ejournal2.com/journals_n/1504096069.pdf • Chorafas D. N., 2011. Energy, Environment, Natural Resources and Business Competitiveness: The Fragility of Interdependence. New York: Routledge, 386 p. • GeoStat, 2019. Inflation Calculation Methodology Note. National Statistics Office of Georgia. https://www.geostat.ge/media/20514/Inflation-Calculation-Methodology-Note-2019.pdf • Gurgenidze L., Lobzhanidze M., Onoprishvili D., 1994. Georgia: From Planning to Hyperinflation. Communist Economies & Economic Transformation, Vol. 6, No. 2, pp. 259–289. • IMF, 2008. “Agflation” in the New Member States−Some Stylized Facts. International Monetary Fund, https://www.imf.org/external/CEE/2008/120107.pdf • Kakulia M., 2008. Before and After the Introduction of the Lari: Georgian National Currency in Retrospect. In: E. M. Ismailov, ed. Central Eurasia: National Currencies. Stockholm: CA&CC Press, pp. 176–187. • Khaduri N., 2005. Mistakes Made in Conducing Economic Reforms in Post-Communist Georgia. Problems of Economic Transition, Vol. 48, No. 4, pp. 20–24. • NDI, 2017. NDI Poll: Economy Still Top Concern for Georgians; Support for NATO and EU Stable.” National Democratic Institute, January 17, https://www.ndi.org/publications/ ndi-poll-economy-still-top-concern-georgians-support-nato-and-eu-stable • Papava V., 1996. The Georgian Economy: From ‘Shock Therapy’ to ‘Social Promotion’. Communist Economies & Economic Transformation, Vol. 8, No. 2, pp. 251–267. • Papava V., 2011. On the First-Generation Post-Communist Reforms of Georgias Economy (A Retrospective Analysis). The Caucasus & Globalization, Vol. 5, Issue 3–4, pp. 20–30. • Papava V., Charaia V., 2017. O neobkhodimosti modifikatsii pokazatelija inflyatsii dlija otnositel’no bednykh stran mira i opyt Gruzii [On the Necessity of Modification of the Inflation Index for the Relatively Poor Worlds and Georgia’s Experience]. Ekonomisti, № 3, pp. 6–19. (In Russian.) • Suryanarayana M. H., 2008. Agflation and the PDS: Some Issues. Indira Gandhi Institute of Development Research WP-2008-009, April, http://www.igidr.ac.in/pdf/publication/ WP-2008-009.pdf • Wang J.-Y., 1999. The Georgian Hyperinflation and Stabilization. IMF Working Paper WP99/65, May 1, https://www.imf.org/en/Publications/WP/Issues/2016/12/30/ The-Georgian-Hyperinflation-and-Stabilization-3020 • Wellisz S., 1999. Georgia: A Brief Survey of Macroeconomic Problems and Policies. Russian & East European Finance and Trade, Vol. 35, No. 1, pp. 6–31. en_US
dc.description.abstract The 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). en_US
dc.language.iso en en_US
dc.publisher Ivane Javakhishvili Tbilisi State University Press en_US
dc.subject Inflation, agflation, munflation, imflation en_US
dc.title Inflation and its modifications (on the terminological aspect) en_US
dc.type Article en_US


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