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" Monetary policy transmission mechanism in Bangladesh: An SVAR approach "
Mainul Islam Chowdhury
Mohabbat, Khan A.; Campbell III, Carl
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Latin Dissertation
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| Language of Document
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English
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| Record Number
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804348
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| Doc. No
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TL49176
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| Call number
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1861733676; 10196566
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| Main Entry
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Kasshanna, Sonia Joseph Hanna
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| Title & Author
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Monetary policy transmission mechanism in Bangladesh: An SVAR approach\ Mainul Islam ChowdhuryMohabbat, Khan A.; Campbell III, Carl
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| College
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Northern Illinois University
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| Date
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2016
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| Degree
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Ph.D.
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| field of study
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Economics
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| student score
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2016
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| Page No
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73
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| Note
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Committee members: Groves, Jeremy; Ponomareva, Maria
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Place of publication: United States, Ann Arbor; ISBN=978-1-369-53794-9
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| Abstract
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This study examined the impact of monetary policy shocks on real and nominal variables in Bangladesh using monthly data for the floating exchange rate period from June 2003 to June 2015. Structural vector autoregressive (SVAR) models and impulse response functions were used to identify the impact of domestic monetary policy shocks on output, interest rate, inflation and nominal exchange rate. Results from the baseline model suggest that a contractionary monetary policy shock leads to a rise in domestic interest rate and an appreciation of domestic currency. In response to the shock both output and inflation fell but the shock had a delayed effect on output and inflation. Unlike previous studies on Bangladesh the identification scheme of this paper was able to solve the liquidity puzzle, the price puzzle and the exchange rate puzzle.
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| Subject
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Economics
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| Descriptor
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Social sciences;Bangladesh;Monetary policy;SVAR
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| Added Entry
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Mohabbat, Khan A.; Campbell III, Carl
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EconomicsNorthern Illinois University
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