Parametric Control of Indicators Volatility of the National Economy of Kazakhstan within the Framework of Regional Economic Union

Abdykappar A. Ashimov, Yuriy V. Borovskiy, Mukhit A. Onalbekov
2015 Journal of Economics Business and Management  
A dynamic stochastic general equilibrium model of Kazakhstan, Belarus and Russia, forming the Customs Union, and the rest of the world has been developed. The estimation of the model parameters has been done on the basis of statistics of Kazakhstan, Belarus, Russia and the rest of the world (in the case of the Organization for Economic Cooperation and Development). Macroeconomic analysis is conducted for effects of shocks on the economic performance of the national economy of Kazakhstan. The
more » ... blem of minimizing the volatility of macroeconomic indicators of the national economy of Kazakhstan (GDP and inflation) based on the approach of the theory of parametric control has been formulated and solved.
doi:10.7763/joebm.2015.v3.258 fatcat:u2jsbdvs3jbvvcya2qk255lgzi