Republic of Madagascar: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 321

Publication date: September 2005

ISBN: 9781451938616

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Inflation , Money and Monetary Policy , ISCR , CR , exchange rate , inflation expectation , chapter III , exchange rate regime , export base , inflation inertia , competitiveness indicator , Real effective exchange rates , Exchange rate arrangements , Exports , Terms of trade , Inflation , Europe

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Summary

This Selected Issues paper and Statistical Appendix analyzes the relationship among prices, income, and money in Madagascar over the period 1982–2004. It finds that a stable long-run relationship for the price level exists, but that the adjustment toward this long-term equilibrium is quite slow. The paper presents an assessment of the real effective exchange rate. It also presents some qualitative competitiveness indicators and examines the performance of exports in Madagascar at an aggregate and product level.