This paper studies the relationship among monetary policy, income (GDP) and prices in the short-run as well as in the long-run in Bangladesh. In this paper, we use an alternate econometric technique, the Autoregressive Distributed Lag (ADL) approach, which has numerous advantages. This approach...

This paper studies the relationship among monetary policy, income (GDP) and prices in the short-run as well as in the long-run in Bangladesh. In this paper, we use an alternate econometric technique, the Autoregressive Distributed Lag (ADL) approach, which has numerous advantages. This approach...

The monetary and fiscal policy interactions have gained a new research interest after the 2008 crisis due to the global increase of fiscal debt. This paper constructs a macroeconomic model of joint fiscal and monetary policy for an emerging open economy taking into account its structural...

The Fiscal Theory of the Price Level (FTPL) is the claim that, in a popular class of theoretical models, the price level is sometimes determined by fiscal policy rather than monetary policy. The models where this claim has been established assume that all decisions are made by an...

Government surplus forecasts comove strongly with nominal and real exchange rates. They are the best explanatory variable of exchange rate movements at semi-annual frequency in my post-2008 sample. In comparison, the comovement between government surplus forecasts and price level movements is...