Mongolia: Measuring the Output Gap
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.
|Date of creation:||01 Apr 2011|
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"The Band Pass Filter,"
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- International Monetary Fund, 2010. "Estimates of the Output Gap in Armenia with Applications to Monetary and Fiscal Policy," IMF Working Papers 10/197, International Monetary Fund.
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- Ebrima Faal, 2005. "GDP Growth, Potential Output, and Output Gaps in Mexico," IMF Working Papers 05/93, International Monetary Fund.
- Leandro Medina & Nicolas E. Magud, 2011. "The Chilean Output Gap," IMF Working Papers 11/2, International Monetary Fund.
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