Mongolia: Measuring the Output Gap

Author/Editor:

Julia Bersch ; Tara M. Sinclair

Publication Date:

April 1, 2011

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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. 2011/079

Subject:

Business cycles Inflation Non-renewable resources Output gap Potential output

English

Publication Date:

April 1, 2011

ISBN/ISSN:

9781455226092/1018-5941

Stock No:

WPIEA2011079

Pages:

16

Please address any questions about this title to publications@imf.org