The Impact of Monetary Policy on Economic Growth in Bangladesh (1990-2018)
This thesis examines the impact of monetary policy on economic growth in Bangladesh for the period 1990-2018. The main purpose of the study is to find the relationship between monetary policy and economic growth, where money supply, interest rate, inflation, exchange rate remittance inflow, balance of payment has any effect in the GDP growth. In the model specified, Gross Domestic product (GDP) is dependent variable and money supply, Inflation rate, Interest rate, Exchange rate, Remittance inflow and the Balance of Payment are the independent variable. Here I use ordinary least square technique to evaluate my result by using software package R and use secondary data set. This study finds that broad money supply, interest rate and inflation have positive impact on economic growth. Increase in money supply in this time period positively affects the growth rate with stable inflation now Bangladesh maintain above 6% growth rate. Exchange rate also has positive impact on growth. Bangladesh Bank tries to follow manageable exchange rate system to balance growth. Other hand Bangladesh faces negative balance of payment in long time. It has profound effect on economic growth. Remittance inflow is one of the important parts of our economy, but recent time it decreases and it makes negative impact on GDP. In this situation if we and to maintain sustainable GDP growth we need effective monetary policy to prevent sudden financial shock
Year of publication: |
2023
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Authors: | Sultana, Farjana |
Publisher: |
[S.l.] : SSRN |
Subject: | Geldpolitik | Monetary policy | Bangladesch | Bangladesh | Wirtschaftswachstum | Economic growth | Wirkungsanalyse | Impact assessment | Schätzung | Estimation |
Saved in:
freely available
Extent: | 1 Online-Ressource (45 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 19, 2023 erstellt |
Other identifiers: | 10.2139/ssrn.4329195 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014262168
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