Welcome to Applied Macroeconomic Centre

A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Tuesday, January 28, 2014

Why agonise over economic growth?

The following article, wrote by Professor Anis Chowdhury (former Professor of Economics, University of Western Sydney, Australia), is a good read for people:

1. who blindly support higher GDP growth;
2. who don't support higher GDP growth;
3. who try to justify lower GDP growth by giving unnecessary country argument;
4. who don't see the long-run outcome of social investment.

Keystone Quarterly Review

Keystone publishes its quarterly publication - Keystone Quarterly Review - with special focus on health care sector in Bangladesh, problems in state-owned banks, and resurging inflationary pressures.

Link for the report. 

Monetary Policy Statement, BB

Bangladesh Bank announced its half-yearly monetary policy statement without notable change in policy actions.

Link for the report.
Speech of the Governor. 

Sunday, January 26, 2014

Macroeconomic Update by CPD

Centre for Policy Dialogue reports its flagship publication (Analytical Review of Bangladesh's Macroeconomic Performance in Fiscal Year 2014) with special focus on export and manufacturing sector, and their near-term prospects given the recent political development.

Link for the report.

Wednesday, January 15, 2014

Update on Macroeconomic Indicators

IMF issues update on selected macroeconomic indicators of the Bangladesh economy through simple graphical representation. One may like to have clear understanding about the current macroeconomic condition and the interrelationship between variables while going through this.

Link for the update. 

Monday, January 13, 2014

Target Monetary Programming of BB: M2 vs. M3

Habibur Rahman writes on the effectiveness of M2 and M3 in the monetary programming of Bangladesh Bank (BB). In precisely, he examines whether the use of M3 instead of M2 in the BB's monetary programming would provide any better outcome in terms of: (i) explaining CPI inflation and (ii) reducing errors while targeting monetary growth.