visio-journal-june

Economic time series exhibit periodically recurrent movements at the daily, weekly, and monthly levels. Also known as seasonality, it has been usually treated as a nuisance to be removed prior to analysis. Often, data is already deseasonalised by data providers since it distracts from medium-term time trends and long-term cycles. Moreover, seasonality disappears when data are aggregated to a yearly basis – it is a phenomenon at work at shorter time frames. It is an…

Caspar_David_Friedrich_-_Wanderer_above_the_sea_of_fog

Georgia is becoming, once again, a country to be watched by those of us who value liberty and the expansion of freedom and prosperity. Back in the fall and winter of 2019, there was little news about Georgia in the European and Central European media. There were a few political and economic developments – such as the international indexes (on economic freedom, by the Fraser Institute, and on ease of doing business) and an interview…