Inflation Dynamics in Madagascar, 1971-2000:
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MARC
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| 520 | 3 | |a The paper analyzes the dynamics of inflation in Madagascar in the period 1971-2000, applying cointegration analysis and error correction modeling. The empirical results, based on quarterly data, confirm that there exists a stable money demand relationship, as well as a purchasing power relationship in the long run. The former enters the short-run dynamics of inflation and money growth, while the latter affects the short-run dynamics of the exchange rate only. We also find that an appreciation has a direct negative impact on inflation and that inflation inertia is important. In addition, we conduct FIML estimation of the system and trace the impulse responses to various shocks | |
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| id | DE-604.BV048350510 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T19:42:20Z |
| institution | BVB |
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| language | English |
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| publishDate | 2001 |
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| publisher | International Monetary Fund |
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| spellingShingle | Sacerdoti, Emilio Inflation Dynamics in Madagascar, 1971-2000 |
| title | Inflation Dynamics in Madagascar, 1971-2000 |
| title_auth | Inflation Dynamics in Madagascar, 1971-2000 |
| title_exact_search | Inflation Dynamics in Madagascar, 1971-2000 |
| title_full | Inflation Dynamics in Madagascar, 1971-2000 Sacerdoti, Emilio |
| title_fullStr | Inflation Dynamics in Madagascar, 1971-2000 Sacerdoti, Emilio |
| title_full_unstemmed | Inflation Dynamics in Madagascar, 1971-2000 Sacerdoti, Emilio |
| title_short | Inflation Dynamics in Madagascar, 1971-2000 |
| title_sort | inflation dynamics in madagascar 1971 2000 |
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