Mongolia: Measuring the Output Gap

Julia Bersch and Tara Sinclair

No 2011/079, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; output gap measure; GDP; output gap estimate; economy (search for similar items in EconPapers)
Pages: 16
Date: 2011-04-01
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Citations: View citations in EconPapers (3)

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