Parametrical Regulation of Economic Indicators Volatility based on a Dynamic Stochastic General Equilibrium Model for Kazakhstan

Abdykappar A. Ashimov, Yuriy V. Borovskiy, Bakytzhan A. Aisakova, Bakhyt T. Sultanov, and Mukhit A. Onalbekov

Keywords

Estimation, Simulation, DSGE Models, Parametrical Regulation

Abstract

The paper studies the dynamic stochastic general equilibrium model for Kazakhstan based on the Medina-Soto model. The parameters of the model were estimated using the statistical data of the Kazakhstan’s economy for 2002-2012. The problem of volatility minimization of macroeconomic indicators was formulated and solved based on the evaluated model and the parametrical regulation theory.

Important Links:

• DOI: 10.2316/P.2013.799-025
• From Proceeding (799) Modelling, Identification and Control / 801: Advances in Computer Science - 2013

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