Defending the indefensible
Dhaka, March 8 -- In a recent article, entitled, "Economic expansion with monetary contraction" Professor M A Taslim presented a blueprint while addressing various aspects of the state of Bangladesh economy and the Monetary Policy Statements (MPS) of the Bangladesh Bank (FE, February 27, 2023). I sincerely believe that the economy and the country would immensely benefit if the government pays serious attention to his recommendations. I am only attempting to throw some light on one aspect of the problem with BB's MPS raised by Professor Taslim, He writes, "In standard economic parlance a contractionary or tight policy is one that contracts aggregate demand so as to create a slack which is expected to reduce any inflationary pressure. A rat...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.