Application of the Monetary Policy Function to Output Fluctuations in Bangladesh

Yu Hsing, A. M M Jamal, Wen-Jen Hsieh

Research output: Contribution to journalArticle

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

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Stock prices
Bangladesh
Coefficients
Real GDP
Government consumption
Monetary policy
Output fluctuations
Fiscal policy
Policy function

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

Cite this

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Application of the Monetary Policy Function to Output Fluctuations in Bangladesh. / Hsing, Yu; Jamal, A. M M; Hsieh, Wen-Jen.

In: Economics Bulletin, Vol. 29, No. 3, 2009, p. 2119-2128.

Research output: Contribution to journalArticle

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