Favorable period of 2000-2007 years with a high rates of GDP growth in Kazakhstan after the global economic crisis was replaced by a period of its moderate growth. According to estimates of monetary policy rules the National Bank of Kazakhstan concentrated focus on inflation targeting after the...

This book brings together ten original studies on the transition and growth experience and the foundations for long-term growth of the newly independent states created by the dissolution of the Soviet Union.

In this paper we examine the question of whither monetary rules or ad hoc monetary policies were followed during the early stages of transition and in response to the global financial crisis. We study Eastern European countries and thee CIS countries. We find that during the early of transition,...

If the central banks of transition countries followed the certain monetary policy rules prior to the current world economic crisis, do they continue to keep them when situation changed? The generalized method of moments and Johansen test. In this article it is investigated the influence of the...

For oil producing countries it is important to share rationally oil revenues between current expenditure and savings. The purpose of this paper is to study what impact will have change of the oil revenues accumulation on the dynamics of macroeconomic indicators.Modeling of dynamic stochastic...

The issue of monetary policy rules in Kazakhstan is studied. It is established that at each stage of economic development the National Bank used a certain rule. In particular, it is revealed that during the post-crisis period after reaching macroeconomic stability the short term interest rate,...

The article studies the economic background and reasons for the protest actions of the population on the example of major riots in the regions of Kazakhstan in early 2022. The theory of relative deprivation explains the occurrence of unrest by the growth of social tension in groups of the...