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  • 标题:Testing Taylor Rule to Examine Monetary Policy Regarding Bank Rate, Inflation and Output Gap of Bangladesh: 1972-2016
  • 本地全文:下载
  • 作者:Nurul Mohammad Zayed
  • 期刊名称:Academy of Accounting and Financial Studies Journal
  • 印刷版ISSN:1096-3685
  • 出版年度:2018
  • 卷号:22
  • 期号:1
  • 页码:1-11
  • 语种:English
  • 出版社:The DreamCatchers Group, LLC
  • 摘要:Monetary policy is a macroeconomic policy that is used to achieve macroeconomic goals such as consumption, liquidity, growth and inflation by the country’s government. Bangladesh bank is currently following a price targeting based monetary policy and it will be continued up to FY18. Bangladesh bank is prioritizing in building up strong capabilities in forecasting and eradicating impediments to financial pricing which is market based. Current monetary policy of Bangladesh is supporting manufacturing which is employment-focused, green project sub sectors and FDI facilitation. According to Bangladesh bank’s monetary program, growth ceiling of Domestic Credit (DC) is consistent with inflation and growth objectives. Bangladesh bank is ready for adjustments in rate of policy. There is robustness in the momentum of output growth followed by uptrend in food price. Global inflation may cause mitigation in the risk of domestic inflation. According to Bangladesh bank, monetary aggregates enhancing smoothly within the growth ceiling though domestic credit and inflation are remaining below the ceiling (Monetary Policy Statement, BB, 2017)..
  • 关键词:Taylor’s Rule;GMM Method;Monetary Policy;Stability;Bank Rate;Output Gap;Bangladesh Bank
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