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Potential GDP modeling and output gap estimation as a basis for countercyclical fiscal policy in Kazakhstan

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Janíčko, Martin; Maleček, Petr; Janíčko, Pavel - In: Mokslo darbai / Vilniaus Universitetas 100 (2021) 2, pp. 84-100

Taking into consideration the specifics of the Russian economy such as dependency on oil and gas drilling & production, and including the current context of the Western sanctions, COVID-19 pandemic, as well as somewhat idiosyncratic potential output development, the main aim of this paper is to...

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