Dating the business cycle : evidence from Mongolia

Davaajargal Luvsannyam, Khuslen Batmunkh, Khulan Buyankhishig

Business cycle is an important indicator for making policy and management decisions. This paper compares the business cycle estimates for Mongolia based on a graphical and parametric methods. We find that Bry Boschan Quarterly (BBQ) algorithm accurately dates the business cycle which is consistent with the economic expectations. When we indicate the result of Bry Boschan Quarterly algorithm as the benchmark for the business cycle, l1 trend filter provides a more precise estimate of the output gap for Mongolia.

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Year of publication:	2019
Authors:	Luvsannyam, Davaajargal ; Batmunkh, Khuslen ; Buyankhishig, Khulan
Published in:	Central Bank review / Central Bank of the Republic of Turkey. - Ankara : [Verlag nicht ermittelbar], ISSN 1305-8800, ZDB-ID 2147878-8. - Vol. 19.2019, 2, p. 59-66
Subject:	BBQ \| BN filter \| Business cycle \| Contraction \| Expansion \| Hamilton filter \| HP filter \| l1 trend filter \| Konjunktur \| Zeitreihenanalyse \| Time series analysis \| Mongolei \| Mongolia \| Zustandsraummodell \| State space model \| Theorie \| Theory

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.1016/j.cbrev.2019.06.001 [DOI] hdl:10419/217331 [Handle]
Classification:	c18 ; E17 - Forecasting and Simulation ; E32 - Business Fluctuations; Cycles
Source:	ECONIS - Online Catalogue of the ZBW

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