Abstract

This paper investigates the relationship between inflation and economic growth in Kyrgyzstan. VAR model is applied using monthly data for the period of 2000-2012 years. Results show that there is one way causal effect from economic growth to inflation and unlike other case studies inflation has no effect on economic growth. Increase in the rate of economic growth reduces the rate of inflation providing a positive impact on the economy as a whole. Therefore, according to these results the conduct of stimulating monetary policy would be adequate to ensure economic growth.

KIRGIZİSTAN’DA EKONOMİK BÜYÜME VE ENFLASYON İLİŞKİSİ

Abstract

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