Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/217331 
Year of Publication: 
2019
Citation: 
[Journal:] Central Bank Review (CBR) [ISSN:] 1303-0701 [Volume:] 19 [Issue:] 2 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2019 [Pages:] 59-66
Publisher: 
Elsevier, Amsterdam
Abstract: 
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, trend filter provides a more precise estimate of the output gap for Mongolia.
Subjects: 
Business cycle
BBQ
I1 trend filter
HP filter
Expansion
Contraction
Hamilton filter
BN filter
JEL: 
C18
E17
E32
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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