Bangladesh's Macroeconomic Policy

This book provides valuable insights on issues pertaining to current macroeconomic policy debates and challenges in Bangladesh. It evaluates various macroeconomic policies and reflects on a future direction in terms of four central themes: (i) Macroeconomic Policy, Growth and Poverty; (ii) Monetary and Fiscal Policy; (iii) International Trade and Finance; and (iv) Finance and Growth.

Given its scope, the book will serve as a useful resource for academics and macroeconomic practitioners whose work involves developing countries.

“Bangladesh provides an interesting case study of achieving considerable economic progress despite formidable odds. This collection of essays provides insights into how the country’s macroeconomic management has contributed to such progress and what challenges lie ahead. By providing in-depth analyses of macro-financial, fiscal and trade policies and linking such policies with the broader issues of economic growth and poverty alleviation, the book represents an important contribution to the literature on the macroeconomics of development.” (Wahiduddin Mahmud, Former Professor of economics at the University of Dhaka and a member of a former Caretaker Government of Bangladesh in charge of the Ministries of Finance and Planning)

“This book is a welcome addition to the growing literature on Bangladesh's development. The macroeconomic perspective that it provides will meet a long-felt need to better understand Bangladesh's evolving macro-economy underpinning its excellent performance in terms of growth and poverty reduction, and the impact of monetary, fiscal and trade policies. The editor/authors deserve to be felicitated for bringing this rich, eagerly awaited material to our attention.” (Khan Ahmed Sayeed Murshid, Director General, Bangladesh Institute of Development Studies)

“The book gives ideas on how macro policies in Bangladesh passed through various phases with different challenges. The performance of the economy of Bangladesh has been captured in the array of essays incorporated in the book. It is significant especially because the papers are written by independent professionals from outside the realm of policy makers and regulators. The book will be useful for all.” (Salehuddin Ahmed, former Governor, Bangladesh Bank)

“This book fills in important lacuna in economic research on Bangladesh by bringing together for the first time serious analytical work on macroeconomic issues facing the country. The authors are well-known authorities in their respective fields, and their work is of uniformly high standard, informed by both rigorous theory and cutting-edge empirical methodology. The book should prove an invaluable resource to researchers and policy-makers both in Bangladesh and elsewhere in the developing world.” (Siddiqur Rahman Osmani, Professor of Economics, Ulster University, UK)

Dr Monzur Hossain is a Senior Research Fellow at the Bangladesh Institute of Development Studies, Dhaka. He holds a Ph.D degree in International Economics from the National Graduate Institute for Policy Studies, Tokyo, Japan. He has worked with the Bangladesh Bank, academia and research institutes including the Asian Development Bank Institute, Tokyo. Dr. Hossain has vast research and professional experience in the fields of macroeconomics, development economics, and banking and financial sector development. He has published extensively in accredited journals and contributed to many edited volumes. 



Contributors

Farhana Rafiq, Assistant Professor, Department of Economics, American International University, Bangladesh

Iffat Anjum, Senior Research Associate, South Asian Network of Economic Modeling (SANEM)

M. A. Baqui Khalily, Professor, Department of Finance, University of Dhaka, Bangladesh and former Executive Director, Institute for Inclusive Finance and Development (InM)

Mahbubur Rahman, Senior Research Associate, University of Portsmouth, U.K. and former Research Fellow, Bangladesh Institute of Development Studies

Md. Atiqur Rahman, Research Associate, Bangladesh Institute of Development Studies, Dhaka, Bangladesh and currently a Ph.D candidate at University of New Mexico, USA

Md. Wahid Ferdous Ibon, Lecturer, Department of Economics, University of Dhaka

Mansur Ahmed, Economist, World Bank, DC, Washington

Mustafa K. Mujeri, Executive Director, Institute for Inclusive Finance and Development (InM), Dhaka, Bangladesh

Naoyuki Yoshino, Dean and CEO, Asian Development Bank Institute, Tokyo, Japan and Professor, Emeritus, Keio University, Japan

Narayan Chandra Nath, Former Research Fellow, Bangladesh Institute of Development Studies, (BIDS), Dhaka

Nella Hendriyetty, Senior Capacity Building and Training Economist, Asian Development Bank Institute (ADBI)

Saloni Lakhia, Research Associate, Asian Development Bank Institute (ADBI)

Selim Raihan, Professor, Department of Economics, University of Dhaka, Bangladesh and Executive Director, South Asian Network of Economic Modeling (SANEM)

Shubhasish Barua, Assistant Professor, Department of Development Studies, University of Dhaka

Sultan Hafeez Rahman, Professorial Fellow, BRAC Institute of Governance Studies, Dhaka and former Director General, Asian Development Bank

Tahreen Tahrima Chowdhury, Research Associate, Bangladesh Institute of Development Studies, Dhaka, Bangladesh

Zahid Hussain, Lead Economist, World Bank, Dhaka office, Dhaka