Inflation volatility, economic growth and monetary policy in Bangladesh

References

• Alesina, A. and Drazen, A. (1991) Why are stabilizations delayed?, American Economic Review, 81, 1170–88.
   Web of Science ®Google Scholar
• Alesina, A. and Stella, A. (2011) The politics of monetary policy, in Handbook of Monetary Economics, Vol. 3B, Friedman, B. M. and Woodford, M. (Eds), Elsevier Science, Amsterdam, pp. 1001–54.
   Google Scholar
• Ball, L. (1992) Why does high inflation raise inflation uncertainty?, Journal of Monetary Economics, 29, 371–88. doi:10.1016/0304-3932(92)90032-W
   Web of Science ®Google Scholar
• Bangladesh Bank (2005) Notes on the monetary policy strategy of the Bangladesh Bank, Policy Notes Series: PN0602, Bangladesh Bank, Dhaka.
   Google Scholar
• Bangladesh Bank (2006) Monetary Policy Statement: January 2006, Bangladesh Bank, Dhaka, pp. 1–8.
   Google Scholar
• Bangladesh Bank (various issues) Economic Trends, Bangladesh Bank, Dhaka.
   Google Scholar
• BBS, Bangladesh Bureau of Statistics (2003) Twenty Years of National Accounting, BBS, Dhaka.
   Google Scholar
• BBS, Bangladesh Bureau of Statistics (various years) Statistical Yearbook of Bangladesh, BBS, Dhaka.
   Google Scholar
• Bentour, E. M. and Razzak, W. A. (2009) Real Interest Rates, Bubbles and Monetary Policy in the GCC Countries, Arab Planning Institute, Unpublished.
   Google Scholar
• Bruno, M. and Easterly, W. (1998) Inflation crises and long-run growth, Journal of Monetary Economics, 41, 3–26. doi:10.1016/S0304-3932(97)00063-9
   Web of Science ®Google Scholar
• Calvo, G. A. and Reinhart, C. M. (2002) Fear of floating, The Quarterly Journal of Economics, 117, 379–408. doi:10.1162/003355302753650274
   Web of Science ®Google Scholar
• Corbo, V. L. (1974) Inflation in Developing Countries: An Econometric Study of Chilean Inflation, North-Holland, Amsterdam.
   Google Scholar
• Cukierman, A. and Meltzer, A. H. (1986) A theory of ambiguity, credibility, and inflation under discretion and asymmetric information, Econometrica, 54, 1099–128.
   Web of Science ®Google Scholar
• Easterly, W. and Fischer, S. (2001) Inflation and the poor, Journal of Money, Credit, and Banking, 33, 160–78.
   Web of Science ®Google Scholar
• Engle, R. F. and Granger, C. W. J. (1987) Co-integration and error-correction: representation, estimation, and testing, Econometrica, 55, 251–76.
   Web of Science ®Google Scholar
• Fischer, S. (1993) The role of macroeconomic factors in growth, Journal of Monetary Economics, 32, 485–512. doi:10.1016/0304-3932(93)90027-D
   Web of Science ®Google Scholar
• Friedman, B. M. and Hahn, F. H. (Eds) (1990) Handbook of Monetary Economics, Vols. I and II, Elsevier Science, Amsterdam.
   Google Scholar
• Friedman, B. M. and Woodford, M. (Eds) (2011) Handbook of Monetary Economics, Vols. 3A and 3B, Elsevier Science, Amsterdam.
   Google Scholar
• Friedman, M. (1960) A Program for Monetary Stability, Fordham University, New York.
   Google Scholar
• Friedman, M. (1968) The role of monetary policy, American Economic Review, 58, 1–17.
   Web of Science ®Google Scholar
• Friedman, M. (2006) Trade-Offs in Monetary Policy, Unpublished manuscript, Stanford University. Available at www.nber.org/chapters/c0074.pdf (accessed 4 June 2015).
   Google Scholar
• Fuhrer, J. C. (2011) Inflation persistence, in Handbook of Monetary Economics, Vol. 3A, Friedman, B. M. and Woodford, M. (Eds), Elsevier Science, Amsterdam.
   Google Scholar
• GOB, Government of Bangladesh (2012) Bangladesh Economic Review 2012, Ministry of Finance, Dhaka.
   Google Scholar
• Hossain, A. (1995) Inflation, Economic Growth and the Balance of Payments in Bangladesh: A Macroeconomic Study, Oxford University Press, Delhi.
   Google Scholar
• Hossain, A. (2003) An examination of some key issues in the conduct of monetary policy in Bangladesh, in Development Issues of Bangladesh-II, Ali, A., Kuddus, R. and Andaleeb, S. S. (Eds), University Press Limited, Dhaka.
   Google Scholar
• Hossain, A. (2006) The money demand behaviour in Bangladesh, 1973–2003: an application of the cointegration and error-correction methods, Indian Economic Review, 41, 55–80.
   Google Scholar
• Hossain, A. (2009) Central Banking and Monetary Policy in the Asia-Pacific, Edward Elgar Publishing, Cheltenham.
   Google Scholar
• Hossain, A. (2010) Monetary targeting for price stability in Bangladesh: how stable is its money demand function and the linkage between money supply growth and inflation?, Journal of Asian Economics, 21, 564–78. doi:10.1016/j.asieco.2010.07.003
   Google Scholar
• Hossain, A. (2011) Macroeconomic developments, policies and issues in Bangladesh, 1972–2007, in Bangladesh Economy in the 21st Century, Quddus, M. and Khan, F. C. (Eds), The University Press Limited, Dhaka, pp. 385–432.
   Google Scholar
• Hossain, A. (2014a) Monetary policy, inflation, and inflation volatility in Australia, Journal of Post Keynesian Economics, 36, 745–80. doi:10.2753/PKE0160-3477360408
   Web of Science ®Google Scholar
• Hossain, A. (2014b) Money growth, relative food prices and inflation in Bangladesh: an empirical investigation with monthly data, 1972–2011, Journal of Bangladesh Studies, 15, 20–32.
   Google Scholar
• Hossain, A. (forthcoming) The Evolution of Central Banking and Monetary Policy in the Asia-Pacific, Edward Elgar Publishing, Cheltenham.
   Google Scholar
• IMF, International Monetary Fund (various years) International Financial Statistics, IMF, Washington, DC.
   Google Scholar
• Krugman, P. R., Obstfeld, M. and Melitz, M. J. (2015) International Economics: Theory and Policy, Pearson Education, New York.
   Google Scholar
• McCallum, B. T. and Nelson, E. (2011) Money and inflation: some critical issues, in Handbook of Monetary Economics, Vol. 3A, Friedman, B. M. and Woodford, M. (Eds), Elsevier Science, Amsterdam, pp. 97–153.
   Google Scholar
• Mishkin, F. S. (2013) The Economics of Money, Banking, and Financial Markets, Pearson Education Limited, New York.
   Google Scholar
• Montiel, P. J. (2003) Macroeconomics in Emerging Markets, Cambridge University Press, Cambridge.
   Google Scholar
• Okun, A. (1971) The mirage of steady inflation, Brookings Papers on Economic Activity, 2, 485–98.
   Google Scholar
• Ouanes, A. and Thakur, S. (1997) Macroeconomic Accounting and Analysis in Transition Economies, IMF Institute, Washington, DC.
   Google Scholar
• Poole, W. and Wheelock, D. C. (2008) Stable prices, stable economy, The Regional Economist, January, 15–19.
   Google Scholar
• Rajan, R. S. and Gopalan, S. (2015) Economic Management in a Volatile Environment: monetary and Financial Issues, Palgrave Macmillan, United Kingdom.
   Google Scholar
• Sorensen, P. and Whitta-Jacobsen, H. J. (2005) Introduction to Advanced Macroeconomics: growth and Business Cycles, McGraw Hill, New York.
   Google Scholar
• Svensson, L. E. O. (2011) Inflation targeting, in Handbook of Monetary Economics, Vol. 3B, Friedman, B. M. and Woodford, M. (Eds), Elsevier Science, Amsterdam, pp. 1237–1302.
   Google Scholar
• Taylor, J. B. (1979) Staggered wage setting in a macro model, American Economic Review, 69, 108–13.
   Web of Science ®Google Scholar
• Taylor, J. B. (2000) Using monetary policy rules in emerging market economies, in Paper presented at the 75th Anniversary Conference Stabilization and Monetary Policy: The International Experience, Bank of Mexico, Mexico, November 14–15. Available at http://web.stanford.edu/~johntayl/Papers/Bank%20of%20Mexico%20Paper2.pdf (accessed 31 May 2015).
   Google Scholar
• Woodford, M. (2008) How important is money in the conduct of monetary policy?, Journal of Money, Credit and Banking, 40, 1561–98. doi:10.1111/jmcb.2008.40.issue-8
   Web of Science ®Google Scholar