We consider the problem Monet—given two monotone formulas ϕ in DNF and ψ in CNF, decide whether they are equivalent. While Monet is probably not coNPhard, it is a long standing open question whether it has a polynomial time algorithm and thus belongs to P. In this paper we examine the parameterized complexity of Monet. We show that Monet is in FPT by giving fixed-parameter algorithms for different parameters. Key words: Analysis of algorithms, Computational complexity, Equivalence test, Fixed-parameter tractability, Monotone normal forms