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Роль фискальной политики в ценовой (не)стабильности в Казахстане: эмпирическая оценка и механизм макроэкономической балансировки // Role of the Fiscal Policy in the Price (In) Stability in Kazakhstan: Empiric Assessment and Macroeconomic Equilibrating Mechanism

Author

Listed:
  • Тулеуов Олжас // Tuleuov Olzhas

    (National Bank of Kazakhstan)

  • Багжанов Бекжан // Bagzhanov Bekzhan

    (National Bank of Kazakhstan)

  • Жузбаев Адам // Zhuzbayev Adam

    (National Bank of Kazakhstan)

Abstract

В настоящей работе произведена проверка соответствия ситуации в Казахстане фискальной теории цен путем ретроспективного анализа характера бюджетно-налоговой политики, её взаимодействия с денежно-кредитной политикой, а также эмпирической оценки воздействия фискальных параметров на инфляционные процессы. // In this study, the compliance of the situation in Kazakhstan with the fiscal theory of the price level was verified by means of a retrospective analysis of the nature of fiscal policy, its relationship with monetary policy as well as by an empirical assessment of the impact of fiscal parameters on inflationary processes.

Suggested Citation

  • Тулеуов Олжас // Tuleuov Olzhas & Багжанов Бекжан // Bagzhanov Bekzhan & Жузбаев Адам // Zhuzbayev Adam, 2021. "Роль фискальной политики в ценовой (не)стабильности в Казахстане: эмпирическая оценка и механизм макроэкономической балансировки // Role of the Fiscal Policy in the Price (In) Stability in Kazakhstan:," Working Papers #2021-3, National Bank of Kazakhstan.
    • Handle: RePEc:aob:wpaper:20
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    FAVAR; VECM; денежно-кредитная политика; инфляционное таргетирование; инфляция; уровень цен; фискальная политика; фискальная теория цен; фискальная экспансия; фискальное доминирование FAVAR; VECM; monetary policy; inflation targeting; inflation; price level; fiscal policy; fiscal theory of the price level; fiscal expansion; fiscal dominance;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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