THE EFFECT OF MONETARY POLICY REGIME ON THE DEVELOPMENT OF THE ECONOMY

dc.contributor.authorQaiyrzhan, Maqsat
dc.date.accessioned2024-12-20T06:29:24Z
dc.date.available2024-12-20T06:29:24Z
dc.date.issued2024-12
dc.description.abstractThis work investigates how the Kazakhstani economy is affected by the monetary regimes, given the susceptibility to volatile oil prices and foreign capital flows. Dynamic Stochastic General Equilibrium Model (DSGE) was utilized to analyze the effect of shocks on real GDP, consumption, investment, wages, exports, imports, prices, and real exchange rates. Next, the effectiveness of fixed exchange rates, inflation targeting, strict inflation targeting, and hybrid inflation targeting monetary policy regimes in smoothing the impulse of shocks on the above-mentioned variables. The results suggest that hybrid inflation targeting regime has relatively better performance.
dc.identifier.citationQaiyrzhan, M. (2024). The effect of monetary policy on the development of the economy. Nazarbayev University Graduate School of Business.
dc.identifier.urihttps://nur.nu.edu.kz/handle/123456789/8358
dc.language.isoen
dc.publisherNazarbayev University Graduate School of Business
dc.rightsAttribution-NonCommercial-ShareAlike 3.0 United Statesen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/us/
dc.subjectEconomy
dc.subjectDSGE
dc.subjectMonetary policy regime
dc.subjectinflation targeting
dc.subjectType of access: Open
dc.titleTHE EFFECT OF MONETARY POLICY REGIME ON THE DEVELOPMENT OF THE ECONOMY
dc.typeMaster`s thesis

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