Application of the monetary policy function to output fluctuations in Bangladesh
AbstractApplying 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.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 29 (2009)
Issue (Month): 3 ()
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monetary policy function; fiscal policy; real depreciation; stock price; world interest rate;
Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
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