Republic of Madagascar: Selected Issues and Statistical Appendix
September 27, 2005
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This Selected Issues paper and Statistical Appendix analyzes the relationship among prices, income, and money in Madagascar over the period 1982–2004. It finds that a stable long-run relationship for the price level exists, but that the adjustment toward this long-term equilibrium is quite slow. The paper presents an assessment of the real effective exchange rate. It also presents some qualitative competitiveness indicators and examines the performance of exports in Madagascar at an aggregate and product level.
Subject: Exchange rate arrangements, Exports, Foreign exchange, Inflation, International trade, Prices, Real effective exchange rates, Terms of trade
Keywords: chapter III, competitiveness indicator, CR, Europe, exchange rate, Exchange rate arrangements, exchange rate regime, export base, Exports, Inflation, inflation expectation, inflation inertia, ISCR, Real effective exchange rates, Terms of trade
Pages:
124
Volume:
2005
DOI:
Issue:
321
Series:
Country Report No. 2005/321
Stock No:
1MDGEA2005002
ISBN:
9781451938616
ISSN:
1934-7685
