Application of the monetary policy function to output fluctuations in Bangladesh

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.

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Year of publication:	2009
Authors:	Hsing, Yu ; Jamal, A. M. M. ; Hsieh, Wen-jen
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 29.2009, 3, p. 2113-2122
Publisher:	AccessEcon
Subject:	monetary policy function \| fiscal policy \| real depreciation \| stock price \| world interest rate

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	O1 - Economic Development
Source:	RePEc - Research Papers in Economics

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