Description

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.

Taxonomy

Demand , Economic development , Economic sectors , Mining sector , Supply

More publications in this series: Working Papers

More publications by: Julia Bersch ; Tara M. Sinclair