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- W37296212 abstract "This paper presents a small macroeconomic model of Kazakhstan to study the impact of various economic policies. The simulations provide insight into the role of a tight monetary policy, higher foreign direct investment, rises in nominal wages and in crude oil prices. The results obtained are in line with the economic observations and give some support to the policies chosen as priority targets by the Kazakh authorities for the forthcoming years. JEL classi cation: E17, F43, P47. Keywords: Transition economies, Kazakhstan, Macroeconomic stabilization, Central Asian CIS countries 1 Introduction During the decade of transition, a major challenge facing the CIS countries has been to adopt policies and reform strategies that foster economic growth and cut the strong ination rates through a gradual change of their economies. How far they have been successful in pursuing such a goal is still a matter of debate. With respect to other former communist regions, like the Baltic or Central Europe, it seems that the CIS countries have performed middly1 . However, two Corresponding Author. GREQAM-CNRS, Centre de la Vieille Charite, 2 rue de la Charite, 13002, Marseille. Tel: +33.4.91.14.07.35. Email: lopaduf@aol.com. yENS-LSH, 15 Parvis Rene Descartes, BP 7000, 69342, Lyon, Cedex. Email:a.sand@enslsh.fr. 1For a comparison of economic performances during the ten rst years of transition, see Havrylyshyn et al. (1998), Berg et al. (1999), Falcetti et al. (2000), Fischer and Sahay (2000), Wyplosz (2000)." @default.
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- W37296212 date "2004-01-01" @default.
- W37296212 modified "2023-09-26" @default.
- W37296212 title "Structural reforms, macroeconomic policies and the future of Kazakhstan economy" @default.
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