IMF Working Papers

Mongolia: Measuring the Output Gap

By Julia Bersch, Tara M. Sinclair

April 1, 2011

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Julia Bersch, and Tara M. Sinclair Mongolia: Measuring the Output Gap, (USA: International Monetary Fund, 2011) accessed December 13, 2024
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.

Subject: Business cycles, Inflation, Non-renewable resources, Output gap, Potential output

Keywords: Economy, GDP, Output gap estimate, Output gap measure, WP

Publication Details

  • Pages:

    16

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2011/079

  • Stock No:

    WPIEA2011079

  • ISBN:

    9781455226092

  • ISSN:

    1018-5941