Bersch, Julia; Sinclair, Tara M. - In: Economics Bulletin 34 (2014) 3, pp. 1864-1874
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...