Inflation Dynamics in Madagascar, 1971-2000 /

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...

詳細記述

書誌詳細
第一著者: Sacerdoti, Emilio
その他の著者: Xiao, Yuan
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2001.
シリーズ:IMF Working Papers; Working Paper ; No. 2001/168
オンライン・アクセス:Full text available on IMF
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100 1 |a Sacerdoti, Emilio. 
245 1 0 |a Inflation Dynamics in Madagascar, 1971-2000 /  |c Emilio Sacerdoti, Yuan Xiao. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2001. 
300 |a 1 online resource (27 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
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. 
538 |a Mode of access: Internet 
700 1 |a Xiao, Yuan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2001/168 
856 4 0 |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