Open Access
Monetary Policy and the Real Economy: A Structural VAR Approach for Kazakhstan
Proceedings Of International Young Scholars WorkshopPeer ReviewedZinauova Bekbolatkyzy Nurgul +22020Journals
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.

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