文章基本信息

标题：Money, Income, and Prices in Bangladesh: A Cointegration and Causality Analysis
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作者：Md. Nisar Ahmed Shams
期刊名称：Journal of Economics and Sustainable Development
印刷版ISSN：2222-2855
电子版ISSN：2222-2855
出版年度：2012
卷号：3
期号：7
页码：82-88
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：This paper re-examines the causal relationship between money, income and prices in Bangladesh during the period 1972/73 to 2009/10. Cointegration analysis indicates a long-run relationship among the variables. Based on the Error Correction Model (ECM), a bidirectional causality between money and income has been observed. Therefore, monetary policy should be formulated by taking into account the feedback effects of output on money. Money supply can be considered as an effective control variable as causality is found to run from money to prices supporting the Monetarists.