Effet d’un choc monétaire sur l’inflation: une approche par un modèle DSGE

Monetary Inflation Relationship in Madagscar: a DSGE Model Analysis

Andrianady Josue and Njakanasandratra Rajaonarison ()

MPRA Paper from University Library of Munich, Germany

Abstract: This work investigates the impact of an increase in the money supply on inflation using DSGE model in Madagascar. The results showed a strong positive correlation between these two variables, confirming the economic theory that an increase in the money supply leads to a proportional increase in inflation. The study also revealed that the increase in the money supply has a significant effect on inflation in the short term, but this effect quickly diminishes and disappears after about twelve quarters.Targeted monetary policies may limit short-term effects on inflation, but strcutural and busgetary policies in the long term are needed to sustainably reduce inflation and promote sustained economic growth.

Keywords: Madagascar; DSGE; Inflation; money; PCA (search for similar items in EconPapers)
JEL-codes: A1 E3 E4 E42 E43 E5 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-dge
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:117330

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