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Monetary policy rules of the National Bank of Kazakhstan (in Russian)

  • Bulat Mukhamediyev

    (Al-Farabi Kazakh National University, Kazakhstan)

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, rather than the monetary base, was used as a monetary policy tool.

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Article provided by Quantile in its journal Quantile.

Volume (Year): (2007)
Issue (Month): 3 (September)
Pages: 91-106

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Handle: RePEc:qnt:quantl:y:2007:i:3:p:91-106
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