Bangladeshi monetary policy transmission mechanism: asymmetric responses, inflation, and policy time lags
Chu V. Nguyen, Anisul M. Islam and Muhammad Mahboob Ali
Savings and Development Vol. 36(2012), No. 1, pp. 91-107
This study empirically documented that the Bangladeshi inflation converts to its long-run threshold faster when it is above than when it is below the endogenously determined threshold. Furthermore, the estimation results reveal the unidirectional [...]