Money Demand and Inflation in Madagascar
IMF Working Papers, December 1, 2005
Source details
- Canonical URL
- Money Demand and Inflation in Madagascar
Other formats
Bibliographic details
- Authors: Koffie Ben Nassar
- Published: December 1, 2005
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451862553.001
Research scope and data
- Period analyzed: 1982-2004.
- Data frequency: quarterly data.
- Model: two-sector model and an error-correction model.
- Author: Koffie Ben Nassar.
- Series and identifiers:
- Working Paper No.: 2005/236
- Volume: 2005
- Issue: 236
- Pages: 25
- DOI: https://doi.org/10.5089/9781451862553.001
- Stock No: WPIEA2005236
- ISBN: 9781451862553
- ISSN: 1018-5941
Key empirical findings
- The estimated model finds a stable long-run relationship among:
- monetary aggregates,
- domestic prices,
- real income, and
- foreign interest rates.
- The error-correction model shows that changes in the following exert a significant impact on inflation:
- monetary aggregates,
- the exchange rate,
- foreign interest rates.
- A disequilibrium in the money market has a lasting impact on inflation.
Policy implications and conclusions
- The paper concludes with policy recommendations aimed at addressing the linkages between money, the exchange rate, and inflation.
- Subject areas relevant to policy discussions include:
- Demand for money,
- Exchange rate arrangements,
- Exchange rates,
- Inflation,
- Monetary base.
Keywords and topical focus
- Keywords: real GDP, WP
Source: Koffie Ben Nassar, "Money Demand and Inflation in Madagascar", IMF Working Papers 2005, 236 (2005).
Content in this bundle
- Money Demand and Inflation in Madagascar; Koffie Nassar; IMF Working Paper 05/236; December 1, 2005