—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 problem 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.
—National economy, regional economic union,
DSGE model, macroeconomic indicators volatility, parametric
The authors are with the Kazakh National Technical University named
after K.I. Satpaev, Almaty, 050013, Kazakhstan (e-mail:
firstname.lastname@example.org, email@example.com, firstname.lastname@example.org).
Cite: Abdykappar A. Ashimov, Yuriy V. Borovskiy, and Mukhit A. Onalbekov, "Parametric Control of Indicators Volatility of the National
Economy of Kazakhstan within the Framework of
Regional Economic Union," Journal of Economics, Business and Management vol. 3, no. 6, pp. 639-647, 2015.