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economy in those countries. In the case of Mongolia, not only non-viable enterprises closed down, but many possibly viable … into the development of TFP in Mongolia. Simulations are performed to see what happens with TFP if not the le! ast … Productivity of Mongolia was tested not only for errors in all estimated values but also for measurement errors in the data. It was …
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I study the role of firm heterogeneity for the transmission of unconventional monetary policy in the form of "credit policy" à la Gertler and Karadi (2011). To this end, I lay out a Two-Agent New-Keynesian model with financially constrained and unconstrained firms and a financial intermediary...
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This article aims to review the monetary policy rule under inflation targeting framework focusing on Mongolia. The …
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