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Author Xiao, Yuan.

Title Inflation Dynamics in Madagascar, 1971-2000 / Xiao, Yuan
Published Washington, D.C. : International Monetary Fund, 2001
Online access available from:
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Description 1 online resource (31 pages)
Summary 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
Notes Available in PDF, ePUB, and Mobi formats on the Internet
Subject Madagascar.
Form Electronic book
Author Sacerdoti, Emilio.
Xiao, Yuan.
International Monetary Fund.
ISBN 1282106864