European Parliament Library

Money Demand and Inflation in Madagascar, Koffie Ben Nassar

Abstract
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
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""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (25 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613831163

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