Mongolia: Technical Assistance Report-Nowcasting and Near-Term Forecasting System at the Bank of Mongolia

July 24, 2026

Summary

This report documents the development, testing, validation, and implementation of a nowcasting and near term forecasting system within the Bank of Mongolia’s monetary policy framework. The system supports timely macroeconomic surveillance and the conduct of monetary policy by providing a more systematic and reliable assessment of near-term economic conditions.

Subject: Consumer price indexes, Consumer prices, Econometric analysis, Prices, Vector autoregression

Keywords: Consumer price indexes, Consumer prices, forecasting and policy analysis system., forecasting system architecture, model forecast averaging, near-term forecasting system, nowcasting system, Vector autoregression

Pages:
41
Volume:
2026
DOI:
https://doi.org/10.5089/9798229052856.019
Issue:
060
Series:
Technical Assistance Report No. 2026/060
Stock No:
TAREA2026060
ISBN:
9798229052856
ISSN:
3005-4575

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Technical Assistance Reports