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Dating the business cycle: Evidence from Mongolia
Central Bank Review ( IF 2.0 ) Pub Date : 2019-06-01 , DOI: 10.1016/j.cbrev.2019.06.001
Davaajargal Luvsannyam , Khuslen Batmunkh , Khulan Buyankhishig

Abstract Business cycle is an important indicator for making policy and management decisions. This paper compares the business cycle estimates for Mongolia based on a graphical and parametric methods. We find that Bry Boschan Quarterly (BBQ) algorithm accurately dates the business cycle which is consistent with the economic expectations. When we indicate the result of Bry Boschan Quarterly algorithm as the benchmark for the business cycle, l 1 trend filter provides a more precise estimate of the output gap for Mongolia.

中文翻译:

约会商业周期:来自蒙古的证据

摘要 经济周期是制定政策和管理决策的重要指标。本文基于图形和参数方法比较了蒙古的经济周期估计。我们发现 Bry Boschan Quarterly (BBQ) 算法准确地确定了与经济预期一致的商业周期。当我们将 Bry Boschan Quarterly 算法的结果指示为商业周期的基准时,l 1 趋势过滤器提供了对蒙古产出缺口的更精确估计。
更新日期:2019-06-01
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