Mongolia; Measuring the Output Gap

This paper compares the output gap estimates for Mongolia based on a number of different methods. Special attention is paid to the substantial role of mining in the Mongolian economy. We find that a Blanchard and Quah-type joint model of output and inflation provides a more robust estimate of the output gap for Mongolia than the traditional statistical decompositions.

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Year of publication:	2011-04-01
Authors:	Bersch, Julia ; Sinclair, Tara M.
Institutions:	International Monetary Fund (IMF)
Subject:	Economic growth \| Economic models \| External shocks \| Inflation rates \| Production \| monetary fund \| inflation \| aggregate demand \| inflation data \| inflation rate \| monetary policy \| monetary economics \| macroeconomic stability

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series IMF Working Papers Number 11/79 1 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009019568