Money demand and inflation in Madagascar /

Money demand and inflation in Madagascar /

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Bibliographic Details
Author / Creator:Ben Nassar, Koffie, author.
Imprint:[Washington, D.C.] : International Monetary Fund, African Department, 2005.
Description:1 online resource (23 pages) : illustrations
Language:English
Series:IMF working paper ; WP/05/236
IMF working paper ; WP/05/236.
Subject:
Demand for money -- Madagascar -- Econometric models.
Inflation (Finance) -- Madagascar -- Econometric models.
Demand for money -- Econometric models.
Inflation (Finance) -- Econometric models.
Madagascar.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12498431
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund. African Department, issuing body.
ISBN:1283518716
9781283518710
9781451907919
1451907915
1462335691
9781462335695
1452700710
9781452700717
9786613831163
6613831166
Notes:Includes bibliographical references (pages 22-23).
English.
Print version record.
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.
Other form:Print version: Ben Nassar, Koffie. Money demand and inflation in Madagascar. [Washington, D.C.] : International Monetary Fund, African Dept., 2005
Table of Contents:
  • Contents
  • I. INTRODUCTION
  • II. MONETARY POLICY FRAMEWORK AND MACROECONOMIC DEVELOPMENTS
  • III. MODEL SPECIFICATION
  • IV. DATA, UNIT ROOT TESTS, AND COINTEGRATION ANALYSIS
  • V. DETERMINANTS OF INFLATION
  • VI. CONCLUSION AND POLICY IMPLICATION
  • APPENDIX. Derivation of the Inflation Equation
  • References

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