The Relationship of Energy Generation from Fossil Fuels, Low Carbon Resources, and Renewable Resources and Inflation within the Framework of Taylor’s Rule: The Case of Kazakhstan

This study analyzes the relationship between energy production from fossil fuels, low-carbon sources, and renewable sources inflation in Kazakhstan 2000 to 2021, using VAR method within framework of Taylor rule. Energy is categorized under two headings, namely fuels other sources. While examining inflation, interest rate GDP growth rate, which affect were also included model as control variables following Taylor's Thus, can be analyzed more realistically. data are obtained Our World Data, Bank site, ADB Data Library. The showed that affects We found a significant Kazakhstan. increases while (renewable low-carbon) reduces inflation. result once again proved importance for Furthermore, not causal one.