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Monetary politics in quasi-linear macroeconomic model

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dc.contributor.author Ananiashvili, Iuri
dc.date.accessioned 2019-11-15T11:30:31Z
dc.date.available 2019-11-15T11:30:31Z
dc.date.issued 2019
dc.identifier.citation The 4th International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2019, pp. 20-26
dc.identifier.isbn 978-9941-13-890-4
dc.identifier.uri http://dspace.tsu.ge/xmlui/handle/123456789/485
dc.description 1. Welfe, W. Macroeconometric Models. Advanced Studies in Theoretical and Applied Econometrics. Berlin Heidelberg, Springer-Verlag. 2013.- 425. 2. Sergent, T. Macroeconomic Theory. New York:Academic Press. 1987. -404. 3. Turnovsky, S. Methods of Macroeconomic Dynamics. Cambridge, Mass.,The MIT Press, 1995.-687. 4. Смирнов А. Д. Лекции по макроэкономическому моделированию. Москва, ГУ ВШЭ, 2000.-351. 5. Уикенс, М. Макроэкономическая теория: подход динамического общего равновесия. (Перевод с английского). Москва, Дело, 2015. – 736. 6. Уильямсон, Стивен Д. Макроэкономика. (Перевод с англиского). М. Дело. 2018. -960. 7. Сакс Джефри Д., Ларрен Фелипе Б. Макроэкономика.Глобальный подход. М. Дело. 1996.-848. 8. Romer, D. Advanced Macroeconomics. 4th ed. New York: McGraw-Hill, 2012. -716. 9. Ananiashvili, I. and Papava, V. Laffer-Keynesian Synthesis and Macroeconomic Equilibrum. New York: Nova Science Publishers, 2014.-106. 10. ანანიაშვილი ი., აჩელაშვილი კ., მესხია ი., პაპავა ვ., სილაგაძე ა., წერეთელი გ. მაკროეკონომიკური რეგულირების მეთოდები და მოდელები. თბილისი, მეცნიერება, 2003.-740. 11. Ananiashvili I. Dependence of Aggregate Supply on the Main Factors Prices of Production. Bulletin of the Georgian National Academy of Sciences. Vol. 12, no. 1, 2018. en_US
dc.description.abstract In 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. en_US
dc.language.iso ge en_US
dc.publisher Ivane Javakhishvili Tbilisi State University Press en_US
dc.subject intermediate goods; final goods; price level; nominal wage; endogenous variables en_US
dc.title Monetary politics in quasi-linear macroeconomic model en_US
dc.type Article en_US


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