First steps and initial results of reforms -- Role of the international Monetary Fund in the transformation of Georgian economy before the "Rose Revolution" -- The pre-revolutionary state of Georgia's economy -- The post-revolutionary development of Georgia's economy -- Economic challenges for...

The article examines two different approaches to estimating the effect of the tax burden on the amount of total output and budget revenues. The first approach is based on a transformation model, in which the main role is played by a production function with variable elasticity. The second...

The article presents a macroeconomic equilibrium model in which aggregate demand and aggregate supply are considered not in relation to the price level, as is traditionally done, but in terms of functions dependent on the average tax rate. The concepts of optimal and equilibrium tax rates are...