06
February
2014
On February 4, 2014, Daniel Levy, professor of economics at Bar Ilan University and Emory University and member of ISET’s International Faculty Committee, presented his paper “Asymmetric Price Adjustment in the Small", (that he co-authored with Haipeng Chen, Sourav Ray, and Marc Bergen) to ISET professors, students and researchers.
16
December
2013
While ISET’s Khachapuri Index continues to climb up in a perfectly predictable fashion – driven by the seasonal increase in the price of cheese – a bit of drama is being provided by the ups and downs in the price of eggs. According to ISET data, egg prices, which for a couple of years hovered around 29 tetri a piece, suddenly collapsed in June and July 2013 to a minimum of about 26 tetri.
03
December
2013
On November 28, ISET hosted a seminar delivered by two experts working for E-control Austria – Eszter Suele (Resident Twinning Advisor) and Leo Kammerdiener (Senior Tariff and Regulatory Expert). E-control Austria is collaborating with the Georgian National Energy and Water Supply Regulatory Commission (GNERC) under a “Twinning Project” to improve the Georgian electricity regulation that promotes long-term investments and helps establish methods of tariff calculation in line with European Union standards and best practices, namely incentive-based tariff regulations.
08
November
2013
Travel and Tourism is one of the largest and fastest-growing service industries globally. According to the World Travel and Tourism Council (WTTC), the industry’s direct contribution to World GDP in 2012 was US$ 2.1 trillion (2012 prices) and it supported 101 million jobs.
23
September
2013
Measuring economic developments is often a laborious business. Consider, for example, the Consumer Price Index (CPI). One first has to define the so-called consumption basket that contains the goods and services whose prices you want to track. These goods and services have to be represented in the basket in the right proportions, reflecting the consumption patterns of an average consumer.
