Boxes of Monetary Policy Reports

    Select year

    Optimal Monetary Policy Response to Supply-Side Shocks

    Q4

    2025

    Cyclical and Structural Drivers in the Import Growth

    Q3

    2025

    Global Fragmentation and the Implications of Tariffs for the Georgian Economy

    Q2

    2025

    Post-Pandemic Productivity Growth - What Makes the Difference

    Evaluation of Inflation Target Fulfillment and an Assessment of the 2024 Forecasts

    Q1

    2025

    Global Economic Risks and Spillover to Georgia

    Higher Growth of Real Income Drives Stronger Consumption

    Estimation of the Neutral Rate in Georgia

    Q4

    2024

    Profit Margins and the Cyclical Condition of the Economy

    Q3

    2024

    Introducing New Measures of Inflation - “Non-Tradable Sticky” and “Flexible” Price Inflation

    Structural Changes in the Post-Pandemic Period and Their Impact on Potential GDP

    Q2

    2024

    Evaluation of Inflation Target Fulfillment and an Assessment of the 2023 Forecasts

    Money Creation in the Economy - The Case of Georgia

    Q1

    2024

    Nowcasting the number of international visitors

    Q4

    2023

    Contribution of profits and wages to inflation

    Q3

    2023

    Catchung-up or a wage-price spiral? understanding the recent surge in wages

    Real GDP level and the pre-pandemic trend

    The significance of the real interest rate

    Q2

    2023

    Wage-price spirals and inflation

    Evaluation of inflation target fulfilment and an assessment of the 2022 forecasts

    Q1

    2023

    The impact of migration (from Russia and Belarus) on tourism revenues

    Q4

    2022

    The importance of the tourism sector for Georgia’s economy

    Q3

    2022

    Factors affecting liquidity

    Q2

    2022

    Evaluation of inflation target fulfilment and an assessment of the 2021 forecasts

    Q1

    2022