01653cas a2200241 a 4500 AALejournalIMF002693 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451874914 1018-5941 BD-DhAAL BD-DhAAL Maliszewski, Wojciech. Modeling Inflation in Georgia / Wojciech Maliszewski. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper explains the behavior of inflation in Georgia in the post-stabilization period. A long-run equation linking prices to money and the exchange rate, as well as a short-run, dynamic equation for inflation are estimated. The inflation equation is stable, points to a dominant role of the exchange rate in the behavior of inflation and shows a low persistence of inflation in Georgia. The equation explains well the behavior of inflation after the Russian crises, when inflation increased sharply but was quickly brought under control, as the National Bank of Georgia kept its monetary policy tight and the exchange rate stable. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2003/212 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/212/001.2003.issue-212-en.xml IMF e-Library