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150128 ||| eng |
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|a 9781451862553
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|a Ben Nassar, Koffie
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245 |
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|a Money Demand and Inflation in Madagascar
|c Koffie Ben Nassar
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2005
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300 |
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|a 25 pages
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651 |
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4 |
|a Madagascar, Republic of
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653 |
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|a Price Level
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653 |
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|a Exchange rates
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|a Monetary economics
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653 |
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|a Prices
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653 |
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|a Inflation
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653 |
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|a Currency
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653 |
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|a Macroeconomics
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653 |
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|a Monetary base
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653 |
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|a Money and Monetary Policy
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653 |
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|a Money supply
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653 |
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|a Foreign Exchange
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653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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653 |
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|a Deflation
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653 |
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|a Money
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|a Demand for money
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|a Exchange rate arrangements
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|a Foreign exchange
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653 |
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|a Demand for Money
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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028 |
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|a 10.5089/9781451862553.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2005/236/001.2005.issue-236-en.xml?cid=18746-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a 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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