Money Demand Analysis in Mauritius

  • Indranarain Ramlall


Central banks worldwide attribute a special role to monetary aggregates as they confer vital repercussions on inflation. Alternatively stated, based on the notion that inflation tends to reflect a monetary phenomenon, it becomes warranted to gauge the money demand function. Mauritius initially embarked on monetary aggregates as the tool for monetary policy management before moving to a policy of interest rate targeting and, with time, the ultimate focus is to shift to inflation-targeting framework to secure its credibility in monetary policy. Due consideration is also given to credit aggregates.


Interest Rate Monetary Policy Income Elasticity Money Demand Monetary Aggregate 
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© The Author(s) 2017

Authors and Affiliations

  • Indranarain Ramlall
    • 1
  1. 1.University of MauritiusMokaMauritius

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