NBG’s Giorgi Kadagidze: General Macroeconomic Considerations in Georgia
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On Thursday, May 21st, ISET hosted the Governor of the National Bank of Georgia (NBG), Mr. Giorgi Kadagidze, who delivered a profoundly informative seminar to the ISET Community and participants of the ISET Finance Course for Professionals.
Aside from discussing the local currency (GEL) depreciation, the most popular economic issue in Georgia, Mr. Kadagidze covered some important aspects of long-term development challenges of Georgian economy based on the accumulated experience of past development of the country. The main topic of the seminar was a general overview of macroeconomic considerations in Georgia and how to finance its development while capital markets are still at an infancy stage.
Jan Klingelhöfer: The Swing Voters' Blessing
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On Monday, May 18th, ISET hosted Mr. Jan Klingelhöfer from RWTH Aachen University who presented his paper titled “The Swing Voters' Blessing" to the ISET community. The paper deals with the following question: can democracy work well if the electorate is neither fully informed nor fully rational?
In order to answer this question, Mr. Klingelhöfer gave an affirmative answer in a model with quality differences between two ideological candidates running for office. The candidates commit to policy platforms before an election takes place. All voters care about the quality of the candidates as well as the policies they offer. However, the quality differences are only observable to a limited number of informed voters.
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