Application of the Monetary Policy Function to Output Fluctuations in Bangladesh

Yu Hsing, A. M.M. Jamal, Wen jen Hsieh

Research output: Contribution to journalArticlepeer-review

Abstract

Applying the monetary policy function, this paper finds that real GDP in Bangladesh is positively associated with real deprecation, real financial stock price, and world output and negatively influenced by the world real interest rate. The coefficient of the ratio of government consumption spending to nominal GDP is insignificant, suggesting that expansionary fiscal policy may not be effective.

Original languageEnglish
Pages (from-to)2119-2128
Number of pages10
JournalEconomics Bulletin
Volume29
Issue number3
Publication statusPublished - 2009 Dec 1

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

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