Mongolia Inflation Summary
Mongolia Inflation Summary
Mongolia Inflation Summary
Introduction
- Goal is to keep Mongolia stable daw. Also, because of their location and climate which is too
cold. I guess this has effects on their GDP ofcourse, and thus their economy as a whole din.
Malamig, walang work, stagnant, or wala masyadong natural resources.
- Because of this they are highly seasonal nga, so nag ffluctuate economy madalas. The
authorizes keep it at bay by making practical (needed, pilit) approach sa mga monetary
policies.
- This study will examine the relationship between the monetary policies (indicators) AND
inflation
Thoughts
Another thing that got my attention was stated in the introduction part. I was
surprised that natural or geographical location has significant effects on inflation or
monetary policies. It never occurred to me because, in all honesty, I have never
really given it a thought and I guess because I live in a neutral country, in terms of
climate, where extremes of weathers don’t come about. And I realized that it was
theoretically and partially true because climate really does affect the movement of
people, their productivity, and even the natural resources. And this, in turn will have
a domino effect on the prices of commodities, the GDP of the country, and of course,
the economy as a whole.