Inflation dynamics in Mongolia: understanding the roller coaster
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C.
International Monetary Fund
2012
|
| Schriftenreihe: | IMF working paper
no. 12/192 |
| Schlagworte: | |
| Online-Zugang: | FAW01 FAW02 |
| Beschreibung: | "July 2012." Includes bibliographical references 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 |
| Beschreibung: | 20 pages |
| ISBN: | 1475560885 9781475560886 |
Internformat
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| 245 | 1 | 0 | |a Inflation dynamics in Mongolia |b understanding the roller coaster |c Steven Barnett, Julia Bersch and Yasuhisa Ojima |
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| 500 | |a Includes bibliographical references | ||
| 500 | |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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| id | DE-604.BV043786921 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:35:07Z |
| institution | BVB |
| isbn | 1475560885 9781475560886 |
| language | English |
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| spelling | Barnett, Steven Verfasser aut Inflation dynamics in Mongolia understanding the roller coaster Steven Barnett, Julia Bersch and Yasuhisa Ojima Washington, D.C. International Monetary Fund 2012 20 pages txt rdacontent c rdamedia cr rdacarrier IMF working paper no. 12/192 "July 2012." Includes bibliographical references 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 Finance fast Inflation (Finance) fast BUSINESS & ECONOMICS / Economics / General bisacsh BUSINESS & ECONOMICS / Reference bisacsh Wirtschaft Inflation (Finance) Mongolia Finance Mongolia Bersch, Julia Sonstige oth Ojima, Yasuhisa Sonstige oth International Monetary Fund Sonstige oth |
| spellingShingle | Barnett, Steven Inflation dynamics in Mongolia understanding the roller coaster Finance fast Inflation (Finance) fast BUSINESS & ECONOMICS / Economics / General bisacsh BUSINESS & ECONOMICS / Reference bisacsh Wirtschaft Inflation (Finance) Mongolia Finance Mongolia |
| title | Inflation dynamics in Mongolia understanding the roller coaster |
| title_auth | Inflation dynamics in Mongolia understanding the roller coaster |
| title_exact_search | Inflation dynamics in Mongolia understanding the roller coaster |
| title_full | Inflation dynamics in Mongolia understanding the roller coaster Steven Barnett, Julia Bersch and Yasuhisa Ojima |
| title_fullStr | Inflation dynamics in Mongolia understanding the roller coaster Steven Barnett, Julia Bersch and Yasuhisa Ojima |
| title_full_unstemmed | Inflation dynamics in Mongolia understanding the roller coaster Steven Barnett, Julia Bersch and Yasuhisa Ojima |
| title_short | Inflation dynamics in Mongolia |
| title_sort | inflation dynamics in mongolia understanding the roller coaster |
| title_sub | understanding the roller coaster |
| topic | Finance fast Inflation (Finance) fast BUSINESS & ECONOMICS / Economics / General bisacsh BUSINESS & ECONOMICS / Reference bisacsh Wirtschaft Inflation (Finance) Mongolia Finance Mongolia |
| topic_facet | Finance Inflation (Finance) BUSINESS & ECONOMICS / Economics / General BUSINESS & ECONOMICS / Reference Wirtschaft Inflation (Finance) Mongolia Finance Mongolia |
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