Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. African Department, issuing body.
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| ISBN: | 1283518716
9781283518710
9781451907919
1451907915
1462335691
9781462335695
1452700710
9781452700717
9786613831163
6613831166
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| Notes: | Includes bibliographical references (pages 22-23).
English.
Print version record.
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| Summary: | This paper uses a two-sector model to estimate the relationship between prices, money, and the exchange rate in Madagascar during the period 1982-2004. The estimated model, using quarterly data, finds a stable long-run relationship among monetary aggregates, domestic prices, real income, and foreign interest rates. In addition, the error-correction model shows that changes in the monetary aggregates, the exchange rate, and foreign interest rates exert a significant impact on inflation. The results also suggest that a disequilibrium in the money market has a lasting impact on inflation. The paper concludes with policy recommendations.
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| Other form: | Print version: Ben Nassar, Koffie. Money demand and inflation in Madagascar. [Washington, D.C.] : International Monetary Fund, African Dept., 2005
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