Statistical versus economic output gap measures: evidence from Mongolia

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.

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Year of publication:	2014-08-20
Authors:	Bersch, Julia ; Sinclair, Tara M.
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 34.2014, 3, p. 1864-1874
Publisher:	AccessEcon
Subject:	Blanchard-Quah Decomposition \| Nonmineral GDP \| Hodrick-Prescott Filter \| Christiano-Fitzgerald Filter

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Extent:	application/pdf
Type of publication:	Article
Classification:	E3 - Prices, Business Fluctuations, and Cycles ; C2 - Econometric Methods: Single Equation Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010889797