Gaskam : an extended version of the quarterly projection model for Madagascar

Randrianarisoa, Radoniaina (2024): Gaskam : an extended version of the quarterly projection model for Madagascar.

Abstract

This article presents an essay of a macroeconomic modeling dedicated on monetary policy, a Quarterly Projection Model for the case of Madagascar. Initially, we apply the canonical model, developed by Berg-Karam-Laxton (2006a,b), to the data of the Malagasy economy. Subsequently, we propose an extension of this version to further incorporate features of this economy. The results show simulations that closely replicate the stylized facts of the Malagasy economy and highlight the mechanisms of monetary policy transmission. This tool could be useful to the Monetary Authority of this country in its conduct of monetary policy.

• Item Type: MPRA Paper
• Language: English
• Keywords: monetary policy, inflation, core inflation, output gap, inflation targeting, quarterly projection model
• Subjects: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy

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