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

Andrianady, Josué R. and Rajaonarison, Njakanasandratra R. (2023): Effet d’un choc monétaire sur l’inflation: une approche par un modèle DSGE.

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.

• Item Type: MPRA Paper
• English Title: Monetary Inflation Relationship in Madagscar: a DSGE Model Analysis
• Language: French
• Keywords: Madagascar, DSGE, Inflation, money, PCA
• Subjects: A - General Economics and Teaching > A1 - General Economics; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E43 - Interest Rates: Determination, Term Structure, and Effects; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit

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