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    Macroeconomic Policy, Price Stability and Inclusive Growth in Bangladesh

    Muqtada, Muhammed | July 2018
    Abstract
    During the past two decades, the economy of Bangladesh experienced a fairly sustained macroeconomic stability and was able to achieve substantial growth in gross domestic product (GDP). However, there is evidence to suggest that this growth has neither been inclusive nor has it been able to bring about structural change needed to sustain higher growth. The paper contends that the macroeconomic policymaking would require a re-think in order to meet the above challenges. The present paper reviews the current macroeconomic policy framework and underscores the need for balancing its usual emphasis on stability with the need for structural change and social inclusion. This would in turn require an expansionary macroeconomic policy, albeit cautious, that focuses robustly on stepped-up investment, job growth and reduction of inequality and vulnerability. To this end, the paper explores the critical role of monetary, fiscal, external and financial inclusion policies and how far these could address the above challenges. Macroeconomic policies, focused simply on stability and a status quo budget, cannot deliver the desired employment and inclusion outcomes unless these also address and accommodate various associated sectoral, labour market, and social inclusion measures.
    Citation
    Muqtada, Muhammed. 2018. Macroeconomic Policy, Price Stability and Inclusive Growth in Bangladesh. © Centre for Policy Dialogue. http://hdl.handle.net/11540/8581.
    ISSN
    2225-8175 (Online)
    2225-8035 (Print)
    Keywords
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Results-Based Monitoring And Evaluation
    Project Evaluation & Review Technique
    Project Evaluation
    Program Evaluation
    Performance Evaluation
    Operations Evaluation
    Evaluation Methods
    Evaluation
    Social condition
    Economic dependence
    Economic assistance
    International monetary relations
    International monetary relations
    International trade
    National accounting
    Market
    Project impact
    Development projects
    Program management
    Performance appraisal
    Project appraisal
    Technology assessment
    Exports
    Exchange
    Comparative economics
    Index number
    Monetary policy
    Value analysis
    Adjustment cost
    Transaction cost
    Conditionality
    International relations
    Cumulative effects assessment
    Grievance procedures
    Participatory monitoring and evaluation
    Exchange rate
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/8581
    Metadata
    Show full item record
    Thumbnail
    Working-Paper-115-Macroeconomic-Policy-Price-Stability-and-Inclusive-Growth-in-Bangladesh.pdf (655.0Kb)
    Author
    Muqtada, Muhammed
    Theme
    Economics
    Evaluation
     
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise