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...

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...

This paper presents a recent survey on development and access to finance of small and medium-size enterprises (SMEs) in Mongolia. The survey covers a sample of 1922 SMEs from Ulaanbaatar (capital city) and 21 provinces. We find that banks and local government administration are the most...

In recent paper, Bernanke, Boivin and Eliasz’s (2005) study presented a model of how the monetary policy rate affects the large subset of the variables that the researcher and policy-maker care about. Several criticisms of the Vector autoregression (VAR) approach which is developed by the...