Mongolia : Measuring the Output Gap

Author/Editor: Julia Bersch ; Tara M. Sinclair
Publication Date: April 01, 2011
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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.
Series: Working Paper No. 11/79
Subject(s): Economic growth | Economic models | External shocks | Inflation rates | Production

Author's Keyword(s): Mongolia | Output Gap | Nonmineral GDP | Blanchard-Quah Decomposition
Publication Date: April 01, 2011
ISBN/ISSN: 9781455226092/1018-5941 Format: Paper
Stock No: WPIEA2011079 Pages: 16
US$18.00 (Academic Rate:
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