Statistical Versus Economic Output Gap Measures: Evidence from Mongolia

Tara Sinclair and Julia Bersch
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Julia Bersch: International Monetary Fund

Working Papers from The George Washington University, Institute for International Economic Policy

Abstract: This paper compares the output gap estimates based on a number of different methods. We take advantage of the unique properties of the Mongolian economy in order to evaluate the different approaches. We find that an economic measure derived from a Blanchard and Quah-type joint model of output and inflation provides a more robust estimate of the output gap than the traditional statistical decompositions.

Keywords: Blanchard-Quah Decomposition; Nonmineral GDP; Hodrick-Prescott Filter; Christiano-Fitzgerald Filter (search for similar items in EconPapers)
JEL-codes: C22 C32 E32 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2013-08
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http://www.gwu.edu/~iiep/assets/docs/papers/Sinclair_IIEPWP2013-7.pdf (application/pdf)

Related works:
Journal Article: Statistical versus economic output gap measures: evidence from Mongolia (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:gwi:wpaper:2013-7

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