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...

This paper developed a recursive dynamic Computable General Equilibrium model to examine the impact on the Mongolian economy of Foreign Direct Investment (FDI) in the coal-export sector. Based on a 2014 Social Accounting Matrix, the model simulated two scenarios during the 2016-2025 period: 1) a...

The construction of the Mongolian Social Accounting Matrix (SAM) for 2014 is described. The SAM included fifty-six sectors, seventy commodities, two types of production factors (capital and labor), three types of institutions (households, government and the rest of the world) along with capital...

This paper examines the impact of Foreign Direct Investment (FDI) intended to increase the exporting capacity of the coal sector on the Mongolian economy and environment by using a recursive dynamic Computable General Equilibrium model. FDI was used to expand the coal-export sector as well as to...

The Government of Mongolia began implementing an IMF program under the Extended Fund Facility agreement (EFF) in May 2017. Under the program, the government has decreased expenditures and increased taxes to achieve debt sustainability via fiscal consolidation and stable growth. At the same time,...