The third issue of the scientific and analytical journal "Monetary Economics', published by the National Bank of Georgia, has been released. The issue opens with an article by the Governor of the National Bank of Georgia, Natia Turnava, on the main directions of Georgia’s monetary and foreign exchange policy for 2026–2028.

The issue features articles addressing topics related to monetary policy and financial supervision, as well as the improvement of the system of national accounts and financial inclusion. In particular, it includes the following contributions:

• Optimal monetary policy in the context of supply shocks;
• Debates on Gross Domestic Product (GDP) and the updated System of National Accounts (2025 SNA);
• Assessment of formal and informal household incomes in Georgia;
• The supervisory “bottom-up” stress test as a tool for analyzing the resilience of the banking sector to shocks.

The National Bank of Georgia (NBG) resumed the publication of the scientific and analytical journal "Monetary Economics" within the framework of the anniversary year of the Georgian lari. The journal serves as an academic resource for audiences interested in monetary policy, banking and the broader financial sector, financial technologies, and the development of capital markets, including young scholars and researchers. It functions as a platform that facilitates meaningful and in-depth dialogue.

The next issue of Monetary Economics will be published in March of the current year. The editorial team also welcomes submissions from external authors at: monetaryeconomics@nbg.gov.ge.

The NBG’s first analytical journal, Bank, was established 25 years ago. It was later followed by the journal Economics and Banking. Currently, under a renewed format and published in both Georgian and English, the journal is issued under the title Monetary Economics.