Monetary Policy and the Real Economy: A Structural VAR Approach for Kazakhstan
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This paper shows monetary policy indicator which better explains Kazakhstani transmission mechanism. The study also discusses how foreign monetary policy or oil prices affect domestic macroeconomic variables. We use a seven variable by utilizing quarterly time series data from Kazakhstan covering the period from January 2005 to December 2017. They are: interest rate, exchange rate, output, reserve money, consumer price index, then, World oil price index and Federal Funds rate.
2021 ◽
Vol 9
(1)
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pp. 01-09
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2019 ◽
Vol 12
(6)
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pp. 1055-1071
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