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On the measurement of imflation and complex inflation targeting

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dc.contributor.author Papava, Vladimer
dc.contributor.author Charaia, Vakhtang
dc.date.accessioned 2019-11-21T12:05:14Z
dc.date.available 2019-11-21T12:05:14Z
dc.date.issued 2019
dc.identifier.citation The 4th International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2019, pp. 326-329 en_US
dc.identifier.isbn 978-9941-13-890-4
dc.identifier.uri http://dspace.tsu.ge/xmlui/handle/123456789/539
dc.description 1. Sinelnikova-Muryleva E. V., Grebenkina A. M. (2019) Optimal Inflation and Inflation Targeting: International Experience, Finansy: Teorija i praktika, No. 1, https://financetp.fa.ru/jour/article/view/818/542. (In Russian.) 2. Golovnin M. Yu. (2017) The Monetary Policy in Countries of Central and Eastern Europe in the Globalization Context: Regimes and Tools, Vestnik finansovogo universiteta, No. 1, https://financetp.fa.ru/jour/article/view/328/255. (In Russian.) 3. Brito R. D., Bystedt B. (2010) Inflation Targeting in Emerging Economies: Panel Evidence, Journal of Development Economics, Vol. 91, No. 2. 4. 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. 5. Chorafas D. N. (2011) Energy, Environment, Natural Resources and Business Competitiveness: The Fragility of Interdependence. New York, Routledge. 6. Papava V., Charaia V. (2017) On the Necessity of Modification of the Inflation Index for the Relatively Poor Worlds and Georgia’s Experience, Ekonomisti, No. 3. (In Russian.) 7. 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, https://www.sciencedirect.com/science/article/pii/S1512188718300897?via%3Dihub. 8. Charaia V., Papava V. (2017) 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, http://ejournal2.com/journals_n/1504096069.pdf. 9. Archer D. J. (2000) Inflation Targeting in New Zealand, International Monetary Fund, March 20-21, https://www.imf.org/external/pubs/ft/seminar/2000/targets/archer.htm. 10. Bernanke B. S., Laubach T., Mishkin F. S., Posen A. S. (1998) Inflation Targeting. Lessons from the International Experience. Princeton, Princeton University Press. 11. Stiglitz J. E. (2008) The Failure of Inflation Targeting, Project Syndicate, May 6, https://www.project-syndicate.org/commentary/the-failure-of-inflation-targeting?barrier=accesspaylog. 12. McConnell C. R., Brue S. L. (2002) Economics: Ptinciples, Problems, and Policies. New York, McGraw-Hill/Irwin. 13. Jabara C. L. (2009) How Do Exchange Rates Affect Import Prices? Recent Economic Literature and Data Analysis, U.S. International Trade Commission, Office of Industries Working Paper No. ID-21, May, https://www.usitc.gov/publications/332/ID-21.pdf. 14. Charaia V., Papava V. (2017) From Inflation to Imflation, Agflation and Munflation, The Market Oracle, April 6, http://www.marketoracle.co.uk/Article58686.html. 15. Papava V., Charaia V. (2019) On Complex Inflation Targeting and Modified Inflation Indicators (Experience of Georgia), Finance: Theory and Practice, Vol 23, No 3, pp. 16-34, https://financetp.fa.ru/jour/article/view/855/575. en_US
dc.description.abstract The 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. en_US
dc.language.iso en en_US
dc.publisher Ivane Javakhishvili Tbilisi State University Press en_US
dc.subject inflation; inflation targeting; exchange rate; complex inflation targeting; imflation en_US
dc.title On the measurement of imflation and complex inflation targeting en_US
dc.type Article en_US

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