The Role of Financial Market in Macro Economic Modeling: Case of Mongolia
|Author:||Mgr. Batnyam Damdinsuren|
|Year:||2012 - summer|
|Leaders:|| prof. Roman Horváth Ph.D.
|Work type:|| Masters
|Awards and prizes:|
|Abstract:||In this research we explored role of financial variables in macro modeling and their performance in case of Mongolia. We employed two different models for assessing performance of financial variables in macro modeling, structural VAR model and small scale macro model (SSMM). In doing so, we performed different analysis such as impulse response for seeing how financial variables fit into system and forecasting performance for how accurate model performs after introducing financial variables. So our result suggested that financial variables have substantial role on macro modeling and inclusion of financial variable is performing very good result in terms of forecasting in both models.|
|Downloadable:|| Diploma Theses of Damdinsuren