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|z 9781475505412
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|a 1018-5941
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|a Bersch, Julia.
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|a Inflation Dynamics in Mongolia :
|b Understanding the Roller Coaster /
|c Julia Bersch, Steven Barnett, Yasuhisa Ojima.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2012.
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|a 1 online resource (21 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a Barnett, Steven.
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|a Ojima, Yasuhisa.
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|a IMF Working Papers; Working Paper ;
|v No. 2012/192
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2012/192/001.2012.issue-192-en.xml
|z IMF e-Library
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