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

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  • Randrianarisoa, Radoniaina

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.

Suggested Citation

  • Randrianarisoa, Radoniaina, 2024. "Gaskam : an extended version of the quarterly projection model for Madagascar," MPRA Paper 120678, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:120678
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    References listed on IDEAS

    as
    1. Carlos de Resende & Alsim Fall & Demba Sy, 2022. "A Quarterly Projection Model for the WAEMU," IMF Working Papers 2022/215, International Monetary Fund.
    2. Mr. Jan Vlcek & Mikhail Pranovich, 2020. "Quarterly Projection Model for the National Bank of Rwanda," IMF Working Papers 2020/295, International Monetary Fund.
    3. Igor Ermolaev & Michel Juillard & Ioan Carabenciov & Charles Freedman & Mr. Douglas Laxton & Mr. Ondrej Kamenik & Dmitry Korshunov, 2008. "A Small Quarterly Projection Model of the US Economy," IMF Working Papers 2008/278, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    monetary policy; inflation; core inflation; output gap; inflation targeting; quarterly projection model;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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