Description |
1 online resource (20 pages). |
Physical Medium |
polychrome |
Description |
text file |
Series |
IMF working paper ; WP/12/192
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IMF working paper ; no. 12/192.
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Note |
"July 2012." |
Bibliography |
Includes bibliographical references. |
Summary |
Inflation in Mongolia resembles a roller coaster ride with sharp rises and steep drops. Understanding why is critical for formulating and assessing monetary policy. Food prices are found to be a key driver of inflation, and, not surprising given Mongolia's geography, are determined primarily by local supply conditions, highly seasonal, and subject to large but short-lived shocks (usually weather related). Nonetheless, demand factors are also found to be significant in explaining price movements and empirical evidence suggests that a 10 percent increase in government wages, for example, would push up underlying inflation by 1 percentage point. So, while inflation will remain volatile due to agricultural shocks, there is space for macroeconomic stabilization policy to help reduce inflation volatility. |
Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
Subject |
Inflation (Finance) -- Mongolia.
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Inflation (Finance) |
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Mongolia. |
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Finance -- Mongolia.
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Finance. |
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Mongolia -- Social conditions -- 21st century.
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Social conditions. |
Chronological Term |
21st century |
Subject |
Mongolia -- Politics and government -- 21st century.
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Politics and government. |
Genre/Form |
Electronic books.
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Added Author |
Bersch, Julia.
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Ojima, Yasuhisa.
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International Monetary Fund.
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ISBN |
1475560885 electronic book |
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9781475560886 electronic book |
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