Head of the Macroeconomic Policy Research Center

Yaroslava Babych

Yasya Babych was born in Ukraine. Studied at the University of Kyiv-Mohyla Academy in Kyiv, then continued her education in the US. In 2000 received Bachelor of Arts degree from Franklin and Marshall College with a double major in Economics and in Philosophy. She graduated with Ph.D. in Economics from the George Washington University in Washington, DC in 2011.

At ISET Yasya teaches first and second year courses in Macroeconomics and Open Economy Macro. Since September 2013 she is also serving as an Academic Director of ISET Policy Institute. Her research and professional interests are focused on macroeconomic stability and growth patterns in transition economies, systemic crises and financial sector stability, the effect of country's political institutions on growth takeoffs, and the effects of financial crises on long-term growth patterns. Yasya is also leading a Macroeconomic Policy Research Center at ISET-PI. The core activities of the Center involve regular monitoring of macroeconomic indicators for Georgia, and consulting services for governments, private sector and international organizations. 


Contact Details

   (+995) 322 507 177 (ext. 205)

 [email protected]  

pdfCurriculum vitae


1. An Application of the Growth Diagnostics Framework: The Case of Georgia

2. Seminar for excellence in teaching (ReSET)

3. Monthly Economic Review for Georgia

4. Growth Diagnostics for Georgia

5. Financial Soundness Indicators for Investment Climate Assessment - Phase I

6. Financial Soundness Indicators for Investment Climate Assessment - Phase II

7. Georgia's RMIDP Inftrastructure Project Assessment

8. Good Jobs for Inclusive Growth

9. Priority Investment Sectors

10. Leaders in Development

11. Regulatory Impact Assessment (RIA) of the Pension Reform

12. Supporting Business Support Organizations in DCFTA and SME Policy Implementation - Lot 2

13. Study on Trade Facilitation in the South Caucasus

14. Solving the Puzzle of Economic Development without Rural-Urban Migration in Georgia

15. Comparing Interest Rates on Credit Products for Individuals and Business in the ECA Region and Comparing Credit Quality in Bank vs Non-Bank Sectors in Georgia

16. Technical Assistance for Conducting Economic Analysis for Introducing a New Policy for Maternity, Paternity and Parental Leave in Georgia

17. Assessing Participation of CAREC Countries in Global and Regional Value Chains

18. Regulatory Impact Assessments and Gender Impact Assessments for Women’s Economic Empowerment in Georgia

19. Training on Macroeconomic Forecasting and Economic Monitoring for Policy Purposes in Georgia

20. Social Exclusion Desk and Portfolio Review

21 Development of Indirect Impact Assessment Methodology and Multipliers


1. Babych, Yaroslava “Political Regime Changes and the Turning Points of Economic Growth."

2. Babych, Yaroslava “The International Spillover Effects of Political Transitions."

3. Babych, Yaroslava “Financial Crises and Economic Growth – a Long Run Perspective”.

4. Babych, Yaroslava and Michael Fuenfzig “An Application of the Growth Diagnostics Framework: the Case of Georgia”, policy paper, 2012

5. Babych Yaroslava, Maya Grigolia and Nino Sharumashvili, “Financial Stability Indicators and Investment Climate in Georgia”, policy report, 2013-2014

6. Babych, Yaroslava, Maya Grigolia and Ia Vardishvili “Analyzing the high interest rate spread in Georgia”, policy report, 2014

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