Uncertainties in the Mongolian Economy in the Near Future
Ragchaasuren Galindev,
Delgermaa Begz,
Tsolmon Baatarzorig,
Unurjargal Davaa,
Nyambaatar Batbayar and
Oyunzul Tserendorj
Working Papers MPIA from PEP-MPIA
Abstract:
This paper examines the impact of three shocks (a commodity-price drop, fiscal expansion, and the termination of the biggest mine development) looming in Mongolia’s near future. We modified the PEP-1-t model and calibrated it to the IMF’s recent projections in a business-as-usual scenario. The alternative scenarios for the Mongolian economy, considering these shocks, suggest that the impacts may be significant.
Keywords: CGE model; Mongolian economy; Commodity price; Fiscal policy (search for similar items in EconPapers)
JEL-codes: D58 E62 I32 Q33 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-cmp and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:lvl:mpiacr:2019-26
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