Coordination of fiscal and monetary policies in Mongolia in anticipation of large-scale capital inflow

Authors: Altantsetseg Batchuluun, Ariun-Erdene Bayarjargal, Bayarmaa Dalkhjav

Source: ERI

Keywords: Macroeconomic Policy, Capital Inflow, Resource Economics

Date: 2012-10-01

Upcoming large-scale mining and infrastructure development projects are expected to produce a massive capital inflow which is going to have a profound implication for the national economy. Institutions responsible for macroeconomic policies are concerned about suitable macroeconomic policies that enable the country to properly absorb the incoming resources without causing financial instability and structural imbalances. The paper studies current macroeconomic policies in the framework of a small open economy.

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