Risk Assessment of "Dutch Disease" in Mongolia due to a major resource and expected massive capital inflow

Authors: Batsukh Tserendorj, Avralt-Od Purevjav

Source: ERI


Date: 2010-10-01

This paper aims to investigate the impact of the massive capital inflow in a Mongolian economy using a New Keynesian Dynamic Stochastic General Equilibrium Model with a natural resource sector. We use calibrated model for different fiscal, monetary and reserves policy responses and examined the effects of FDI inflow shock and commodity price shock on natural resource sector to verify whether these shocks cause Dutch disease impacts in the economy.

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