March 13, 2018 – PEP researchers in Mongolia hosted a session during the Economic Research Institute’s annual forum in Ulaanbaatar to introduce the PEP-institutionalization project (ISP) to a wider audience.
The Economic Research Institute (ERI) held their 2018 Annual Forum on the topic of “The current state and perspectives of the Mongolian economy” in collaboration with the Bank of Mongolia, Japanese International Cooperation Agency, and National University of Mongolia. The event attracted over 600 participants including policymakers, researchers, public and private sector representatives, students and journalists.
Two of the day’s presentations were by the PEP-ISP team: the Impact of Fiscal Consolidation on the Mongolian Economy and the Impact of an Increase in the Price of Imported Fuel on the Mongolian Economy.
More than 50 people attended the session, including representatives from the National Development Agency (NDA), the Government of Mongolia (including the Nuclear Energy Commission), the Ministry of Food and Agriculture, the Research Institute of Labor and Social Protection (RILSP), the Bank of Mongolia, and the Trade and Development Bank of Mongolia. Two journalists also reported from the activity.
The research team are the first beneficiaries of PEP’s new ISP grant, created as part of the PAGE II initiative. During their presentations, they introduced the PEP-ISP project, its objectives, the methodology, and results to date. Linked to this, the team presented the PEP 1-1 model and the Mongolian Social Accounting Matrix they built using data for 2014 as the baseline for the computable general equilibrium (CGE) model. The presentations were of particular interest to the NDA and RILSP representatives as these organizations are currently developing and using CGE models.
The event was an important opportunity for the team to raise their profile, particularly among non-academic audiences, thanks to the range of attendees and media coverage. The television networks NTV, Bloomberg, and MNB reported from the forum while the Mongol Post newspaper and Mongolian Economy and Mining magazines featured articles on the event. Eagle TV also published an article about the event on their website.
This was the second event during which the research team presented the ISP project and findings to engage national policymakers and receive feedback and recommendations on the themes being investigated. The team previously organized a workshop in October 2017.