Potential GDP Modeling and Output Gap Estimation as a Basis for Countercyclical Fiscal Policy in Kazakhstan

Author:

Alpysbaeva S. N.,Shuneev Sh. Zh.,Zhanakova N. N.,Bakdolotov A. A.

Publisher

Pleiades Publishing Ltd

Subject

Economics and Econometrics

Reference20 articles.

1. K. Kapparov, Targeted Transfers from the National Fund of Kazakhstan: Short-Term Concessions to the Detriment of Long-Term Development. Program for Young Researchers in the Field of Public Policy (Soros Foundation–Kazakhstan, 2015). https://www.soros.kz/ wp-content/uploads/2018/02/Target_transfers_from_ the_national_foundation_of_Kazakhstan.pdf.

2. WB Press Release. Hardest Hit of COVID-19 Pandemic on Prices in Commodity Markets Falls on Energy; the Reduced Level of Demand for Oil Is Likely to Continue after 2021 (2020). https://www.worldbank.org/.

3. J.-Ph. Cotis, J. Elmeskov, and A. Mourougane, Estimates of Potential Output: Benefits and Pitfalls from a Policy Perspective (OECD, 2005).

4. R. J. Hodrick, E. C. Prescott, and U. S. Postwar, “Business cycles: An empirical investigation,” J. Money Credit Banking 29 (1), 1–16 (1997).

5. R. E. Kalman, “A new approach to linear filtering and prediction problems,” Trans. ASME - J. Basic Eng., Ser. D 82, 35–45 (1960). https://www.cs.unc.edu/~welch/ kalman/media/pdf/Kalman1960.pdf.

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1. Estimation of the potential GDP by a new robust filter method;Central European Journal of Operations Research;2023-03-28

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