Inflation Dynamics in Mongolia : Understanding the Roller Coaster /

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...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Bersch, Julia
Muut tekijät: Barnett, Steven, Ojima, Yasuhisa
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2012.
Sarja:IMF Working Papers; Working Paper ; No. 2012/192
Linkit:Full text available on IMF
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245 1 0 |a Inflation Dynamics in Mongolia :   |b Understanding the Roller Coaster /  |c Julia Bersch, Steven Barnett, Yasuhisa Ojima. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2012. 
300 |a 1 online resource (21 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |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. 
538 |a Mode of access: Internet 
700 1 |a Barnett, Steven. 
700 1 |a Ojima, Yasuhisa. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/192 
856 4 0 |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