Boxes of Monetary Policy Reports

Home

Boxes of Monetary Policy Reports

2024

Quarter 1

Evaluation of inflation target fulfillment and an assessment of the 2023 forecast
Money creation in an economy: case of georgie

2023

Nowcasting the number of international visitors

Contribution of profits and wages to inflation

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

Wage-price spirals and inflation
Evaluation of inflation target fulfilment and an assessment of the 2022 forecasts

2022

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

The importance of the tourism sector for Georgia’s economy

Factors affecting liquidity

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

2021

Exogenous factors during the pandemic
Survey of macroeconomic forecast

The correlation between the growth of the money supply and inflation

The importance of tourism for the Georgian economy
Temporary shocks to inflation and the optimal monetary policy response

Evaluation of inflation target fulfillment and an assessment of the 2020 forecasts

2020

The Global Economic Outlook Under The Pandemic

The Impact Of COVID-19 On The Georgian Economy And Forecast Assumptions
Further Steps To Reform The Exchange Market

Extraordinary Measures of National Bank of Georgia Regarding Covid-19
The Impact of Covid-19 on Georgian Economy
Bloomberg's BMATCH Platform and the National Bank's Foreign Exchange Interventions

The Relationship Between Inflation And The Exchange Rate (Examples of 2018 and 2019)
Evaluation Of Inflation Target Fulfillment And An Assessment Of the 2019 Forecasts

2019

Georgia's sovereign credit rating
Estimation of inflation volatility at different periods in Georgia

The Impact of Russian Sanctions on the Georgian Economy

Exogenous Factors influencing inflation
Alternative Source of Finance

Evaluation of inflation target fulfillment and an assessment of the 2018 forecast
Foreign exchange option auction
BI-modern platform for data visualization and analysis

2018

Change in prices of different groups of the consumer basket in 2009-2018
The problem of foreign currency indebtedness in Hungary

The accuracy of the NBG's inflation forecasts
Reserve requirements

The Impact of Oil Prices in International Market on Petrol Prices in Georgia
Open market operations

Evaluation of inflation target fulfillment and assessment of 2017 forecasts
FX policy reform in Georgia

2017

Determining the optimal inflation target
Net interest rate spread
Tourism revenues in Georgia and other countries

International Monetary Fund program

Potential output estimation using alternative approaches
Assessing reserve adequacy

Inflation Target Achievement and assessment of 2016 Forecasts
One month open market operations
Program of the larization of loan

2016

Monetary policy rate path
External debt DSA for Georgia

Changes in real exports and imports
Potential output growth decomposition for the Georgian economy

Impact of foreign shocks on the current account balance

Inflation Target Achievement and the Performance of 2015 Forecasts
Core inflation
SebStat - A new statistical information system

2015

Indicative yield curve of the Georgian lari

The optimal inflation level in Georgia
Dynamics of money market interest rates

Refinancing loans
Causes of the reduction of external revenues

Inflation target achievement and forecast performance
Reasons behind exchange rate fluctuations
Estimation of the optimal level of international reserves

2014

Trends in the Real Estate Market

Import-weighted Nominal Effective Exchange Rate
Real Effective Exchange Rate and Productivity
Compilation of the Balance of Payments with a New Methodology

Larization
Assessment of the Structure of total Financial Sector Assets

Inflation Target Achievement and the Forecast Performance
Changes in Consumer Basket

2013

The Main Directions of Monetary Policy
Total Factor Productivity Estimation for the Georgian Economy

Collateral base of the National Bank of Georgia
Futures contracts

Forecasting and Policy Analysis System (FPAS)
Monetary Policy Strategy

2012

Certificates of Deposit of Commercial Banks
Law of Georgia on payment systems and payment services
Estimating the capacity utilization and determining the potential output for the economy of Georgia

Government Securities
Cash Center
Export and Import Price Indices

Financial Soundness Indicators (FSI)
IMF’S new loan programs (SBA AND SCF)

2011

Methodological changes in calculation of the Consumer Price Index
Credit ratings
Quality Assessment of statistical activities in Georgia

Minimum reserve requirements
Savings dynamics in Georgia

New Keynesian model for Georgian economy
International reserve management system (WSS)
Issuing of 10 year Eurobonds

Official international reserves
Purchasing power parity
International Monetary Fund's Program

2010

Food share in the consumption basket and inflation
New Real Time Gross Settlement (RTGS) System
Macroprudential policy tightening
2011 Index of Economic Freedom

Repo operations
Monetary policy rate
Required reserves - monetary policy instrument

Quarter 2

Data dissemination initiatives and Georgia's participation
Monetary representation of Balance of Payments
External trade statistics with goods versus external trade with goods in Balance of Payments
External debt sustainability analysis

New instruments of monetary policy
Dynamics of final consumption in 2008-2009
Amendments to the Organic Law of Georgia "On the National Bank of Georgia"

2009

Tendencies in use of plastic cards
Government securities

Survey of commercial banks' managers
Special Drawing Rights
Determination of the shadow economy level by Cash Demand Model

Introduction of FX Swaps
The First Tbilisi International Conference

World Economic Outlook
International Transactions Reporting System (ITRS)

2008

World crisis and its consequences
Exchange rate regimes
Exchange rate adjustment in November 2008
Balance of Payments. 2008-2009
Inflation Targeting

Effect of world prices on the local market
The Lari Effective Exchange rate
Foreign Exchange Value of the US Dollar

Inflation in Georgia and its neighboring countries
Mortgage crisis in the USA
Scale of Money Remittances to Georgia

Monetary policy decisions
Survey of commercial banks' managers
Amendments to the Organic Law on the National Bank

2007

The impact of the Balance of Payments on the exchange rate and exchange rate fluctuations' impact on Inflation
Principal Components Method

Oil impact on world prices
Are operating loss a problem for the National Banks?
Balance of Payments

Measuring Prices By Scanner Data
Required reserves
Optimal monetary and fiscal policy under large financial inflows

Georgian Macroeconomic Model

2006

Monetary Policy in Q4 2006
NBG monetary instruments
„Dutch Disease"
Investments inflow in Georgia
Results of the survey of managers of commercial banks

Deposit insurance
Impact of Russian embargo on the key indicators of Georgian economy
Results of surveys of commercial bank managers

Influence of exchange rate on inflation in Georgia
Results of surveys of commercial bank managers

The reasons for the price increase on sugar on Georgian and world markets
Measurement of inflation
Inflation indicator and its perception
Impact of seasonal factors on the interest rates
Inflation forecast model