| Description |
1 online resource (20 pages). |
| Physical Medium |
polychrome |
| Description |
text file |
| Series |
IMF working paper ; WP/12/192
|
|
IMF working paper ; no. 12/192.
|
| 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.
|
|
Inflation (Finance) |
|
Mongolia. |
|
Finance -- Mongolia.
|
|
Finance. |
|
Mongolia -- Social conditions -- 21st century.
|
|
Social conditions. |
| Chronological Term |
21st century |
| Subject |
Mongolia -- Politics and government -- 21st century.
|
|
Politics and government. |
| Genre/Form |
Electronic books.
|
| Added Author |
Bersch, Julia.
|
|
Ojima, Yasuhisa.
|
|
International Monetary Fund.
|
| ISBN |
1475560885 electronic book |
|
9781475560886 electronic book |
|
