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Yu Hsing, A. M. M. Jamal and Wen-jen Hsieh
''Application of the monetary policy function to output fluctuations in Bangladesh ''
( 2009, Vol. 29 No.3 )
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.
Keywords: monetary policy function, fiscal policy, real depreciation, stock price, world interest rate
JEL: O1 - Economic Development: General
Manuscript Received : Jun 17 2009 Manuscript Accepted : Aug 26 2009

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