MONETARY POLICY TRANSMISSION MECHANISM IN KAZAKHSTAN
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Date
2023
Authors
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Nazarbayev University Graduate School of Business
Abstract
The study of monetary transmission mechanisms remains a critical area of
inquiry in understanding how monetary policy decisions influence an economy.
This is particularly relevant for countries like Kazakhstan, where the interplay
between policy and economic variables shapes the broader economic landscape.
This thesis explores the monetary transmission mechanism in Kazakhstan using
a Vector Autoregression (VAR) approach, focusing on monthly data spanning
from January 2016 to September 2023. This period encapsulates significant
economic shifts, including the transition to inflation targeting regime, the
fluctuations in oil prices, changes in global economic conditions, and the
country's evolving monetary policy landscape..
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Type of access: Gated
Citation
Sagdiyev, I. (2023). Monetary Policy Transmission Mechanism in Kazakhstan. Nazarbayev University Graduate School of Business