Structural reforms, macroeconomic policies and the future of Kazakhstan

Alain Sand ()
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Alain Sand: GATE CNRS

No 411, Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon

Abstract: This paper presents a small macroeconomic model of Kazakhstan to study the impact of various economic policies. The simulations provide insight into the role of a tight monetary policy, higher foreign direct investment, rises in nominal wages and in crude oil prices. The results obtained are in line with the economic observations and give some support to the policies chosen as priority targets by the Kazakh authorities for the forthcoming years.

Keywords: Central Asian CIS countries; Kazakhstan; Macroeconomic stabilization; Transition economies (search for similar items in EconPapers)
JEL-codes: E17 F43 P47 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2005-11
New Economics Papers: this item is included in nep-mac and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:gat:wpaper:0411

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