Dating the business cycle: Evidence from Mongolia
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 w...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2019-06-01
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| Series: | Central Bank Review |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1303070119300666 |
| _version_ | 1818981294577549312 |
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| author | Davaajargal Luvsannyam Khuslen Batmunkh Khulan Buyankhishig |
| author_facet | Davaajargal Luvsannyam Khuslen Batmunkh Khulan Buyankhishig |
| author_sort | Davaajargal Luvsannyam |
| collection | DOAJ |
| description | 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, ℓ1 trend filter provides a more precise estimate of the output gap for Mongolia. Keywords: Business cycle, BBQ, l1 trend filter, HP filter, Expansion, Contraction, Hamilton filter, BN filter, JEL classification: C18, E17, E32 |
| first_indexed | 2024-12-20T17:29:02Z |
| format | Article |
| id | doaj.art-c42954820b614db2a1db44fdfeb66e20 |
| institution | Directory Open Access Journal |
| issn | 1303-0701 |
| language | English |
| last_indexed | 2024-12-20T17:29:02Z |
| publishDate | 2019-06-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Central Bank Review |
| spelling | doaj.art-c42954820b614db2a1db44fdfeb66e202022-12-21T19:31:27ZengElsevierCentral Bank Review1303-07012019-06-011925966Dating the business cycle: Evidence from MongoliaDavaajargal Luvsannyam0Khuslen Batmunkh1Khulan Buyankhishig2Bank of Mongolia, Mongolia; Corresponding author.Bank of Mongolia, MongoliaIMF, MongoliaBusiness 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, ℓ1 trend filter provides a more precise estimate of the output gap for Mongolia. Keywords: Business cycle, BBQ, l1 trend filter, HP filter, Expansion, Contraction, Hamilton filter, BN filter, JEL classification: C18, E17, E32http://www.sciencedirect.com/science/article/pii/S1303070119300666 |
| spellingShingle | Davaajargal Luvsannyam Khuslen Batmunkh Khulan Buyankhishig Dating the business cycle: Evidence from Mongolia Central Bank Review |
| title | Dating the business cycle: Evidence from Mongolia |
| title_full | Dating the business cycle: Evidence from Mongolia |
| title_fullStr | Dating the business cycle: Evidence from Mongolia |
| title_full_unstemmed | Dating the business cycle: Evidence from Mongolia |
| title_short | Dating the business cycle: Evidence from Mongolia |
| title_sort | dating the business cycle evidence from mongolia |
| url | http://www.sciencedirect.com/science/article/pii/S1303070119300666 |
| work_keys_str_mv | AT davaajargalluvsannyam datingthebusinesscycleevidencefrommongolia AT khuslenbatmunkh datingthebusinesscycleevidencefrommongolia AT khulanbuyankhishig datingthebusinesscycleevidencefrommongolia |