This paper investigates the relationship between money, prices, output, and the exchange rate in Bangladesh during the 1974-92 period. Several interesting conclusions can be derived from the paper. First, the inflationary process in Bangladesh cannot be explained exclusively by the monetarist or...

In macroeconomics, consumption functions supposedly demonstrate stable relationships between consumption and disposable income. This letter constructs a simple consumption function of Keynesian type. It also estimates the function and tests if any structural change had taken place in this...