Statistical Versus Economic Output Gap Measures: Evidence from Mongolia

This paper compares the output gap estimates based on a number of different methods. We take advantage of the unique properties of the Mongolian economy in order to evaluate the different approaches. We find that an economic measure derived from a Blanchard and Quah-type joint model of output and inflation provides a more robust estimate of the output gap than the traditional statistical decompositions.

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Year of publication:	2013-08
Authors:	Sinclair, Tara ; Bersch, Julia
Institutions:	Institute for International Economic Policy (IIEP), Elliott School of International Affairs
Subject:	Blanchard-Quah Decomposition \| Nonmineral GDP \| Hodrick-Prescott Filter \| Christiano-Fitzgerald Filter

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	14 pages
Classification:	E32 - Business Fluctuations; Cycles ; C22 - Time-Series Models ; C32 - Time-Series Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010836364