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|z 9781451862553
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|a Ben Nassar, Koffie.
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|a Money Demand and Inflation in Madagascar /
|c Koffie Ben Nassar.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2005.
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|a 1 online resource (25 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 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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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2005/236
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2005/236/001.2005.issue-236-en.xml
|z IMF e-Library
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