Series: IMF Working Papers
Author(s): Emilio Sacerdoti , and Yuan Xiao
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2001
Keywords: exchange rate, cointegration, error correction model, money growth, money stock, money supply, Multiple or Simultaneous Equation Models: Time-Series Models, Open Economy Macroeconomics, Economywide Country Studies: Africa,
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...