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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 ou...

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Bibliographic Details
Main Author: Bersch, Julia
Other Authors: Sinclair, Tara
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011
Series:IMF Working Papers
Subjects:
Business Cycles
Inflation
Potential Output
Output Gap
Natural Resources
Deflation
Production
Non-renewable Resources
Environmental Management
Nonrenewable Resources And Conservation: General
Macroeconomics: Production
Price Level
Economic Growth
Prices
Macroeconomics
Prices, Business Fluctuations, And Cycles: General (includes Measurement And Data)
Economic Theory
Production And Operations Management
Mongolia
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:16 pages
ISBN:9781455226092

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