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|c 5.00 USD
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|z 9781451858266
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Sacerdoti, Emilio.
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|a Inflation Dynamics in Madagascar, 1971-2000 /
|c Emilio Sacerdoti, Yuan Xiao.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2001.
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|a 1 online resource (27 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|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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|a Mode of access: Internet
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|a Xiao, Yuan.
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|a IMF Working Papers; Working Paper ;
|v No. 2001/168
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2001/168/001.2001.issue-168-en.xml
|z IMF e-Library
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