- 4 - 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. JEL Classification C01, C51, C53, E12, E52, G17 Keywords Financial markets, Small scale macro model, Structural VAR, Impulse response, Mean absolute errors. Author's e-mail batnyamd@gmail.com Supervisor's e-mail roman.horvath@gmail.com
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:304463 |
| Date | January 2012 |
| Creators | Damdinsuren, Batnyam |
| Contributors | Horváth, Roman, Mejstřík, Michal |
| Source Sets | Czech ETDs |
| Language | English |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
Page generated in 0.0022 seconds