Mongolia: Measuring the Output Gap
AbstractThis 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.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 11/79.
Date of creation: 01 Apr 2011
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