During its independence, post-Communist Georgia has not been able to create an economic system that would serve as the basis for its sustainable economic development. Neither have the reforms conducted after the "Rose Revolution" met the expectations. A consumer economy, typical for poor...

Many of today's researchers of the Caucasus focus in particular on analyzing ways to achieve peaceful settlement of the conflicts in the Caucasus, while only a few publications are devoted to the state of economic interrelations in the region and their development prospects. The goal of the book...

Direct spatial comparison of the economic growth indices is unconstructive because of the catch-up effect which requires some preconditions in order to be taken into proper account. The paper has considered the approach for the correction of the economic growth indices on the basis of the...

In modern economics several recognized theses may be called into question. This holds true for factors of production and incomes from them, transfer payments and the problems of their inclusion in the Gross National Product (GNP). In the article these problems are analyzed

The report reviews key issues in energy trade and cooperation between the EU and CIS countries. It describes historical trends of oil and gas demand in the EU, other European and CIS countries and offers demand forecasts until 2030. Recent developments in oil and gas production and exports from...

The paper 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. Based on an analysis of the model, it is shown that when...

The current situation in the world has inverted the perspective, showing us that the coronavirus and its global spread are already causing a widespread economic crisis. Today the economy is a hostage to medicine. The spread of the coronavirus has given rise to ideas that oppose free trade...

Economic policy is an integral part of public policy and is to be based on the accomplishments of economics. If an economic policy is not only far from economics, but in certain cases contradicts its basic postulates and rules, then such an economic policy carried out by the government...

Russian Abstract: В работе анализируется режим инфляционного таргетирования, который используется во многих странах как инструмент монетарной политики центральных...

The paper analyzes inflation targeting which is used in many countries as a tool for the monetary policy of central banks. The study of the experience of inflation targeting over the past quarter century shows a number of shortcomings. The important one is that inflation targeting is powerless...