This volume on macroeconomic and monetary topics regarding Bangladesh are a collection from papers that were presented at the fourth BDI conference held at the University of California-Berkeley in February, 2013. Most of the chapters are based on empirical analyses, using data over various time periods and applying many different econometric techniques. They address real sector issues such as growth, employment, saving, investment, trade and agriculture, as well as financial or monetary issues such as money supply, inflation, equity markets, and microfinance. The topics are of high significance today and each chapter concludes with policy recommendations.

Contents:

1. Money Growth, Relative Food Prices and Inflation in Bangladesh: An Empirical Investigation with Monthly Data, 1972M1-2011M8> Introduction / Monetary Shocks and Relative Prices / Monetary Policy in Bangladesh / Data / Empirical Relations among Money, Output, Exchange Rates and Prices / Policy Implications of Empirical Findings and Concluding Remarks.

2. Modeling Inflation Behavior in Bangladesh: A Phillips Curve Approach> Introduction / Literature Review / Data Issues and Variable Definitions / Modeling Inflation Behavior and the Phillips Curve / Estimated Models and Analyses / Conclusions.

3. Output-Price Level Dynamics and Impact of Monetary Policy in Bangladesh> Introduction / Growth and Inflation in Bangladesh: Stylized Facts and Review of Related Literature / Targeting Low Inflation and Monetary Policy in Bangladesh / Estimation Methodology / Data / Research Findings / Conclusions

4. Relationship between Money Growth and Stock Prices in Bangladesh> Introduction / Literature Review / Methodology and Data Sources / Test Results and Discussion / Conclusions

5. Long-Run Determinants of Investment in Bangladesh> Introduction / Literature Review / Data and Methodology / Estimations and Results / Policy Implications of the Results / Conclusions

6. Do Patterns of Development and Macroeconomic Uncertainty Explain Bangladesh’s Savings and Investment Puzzle?> Introduction / Bangladesh’s Savings and Investment Puzzle / Differences in Patterns of Development / Does Macroeconomic Uncertainty Explain the Puzzle? / Policy Recommendations / Conclusions

7. Crop Choice as Climate Change Adaptation in Agriculture of Bangladesh: Policy Implications> Introduction / Literature Review / Theoretical Framework, Methodology and Data / Empirical Results / Policy Implications / Conclusions

8. EU-India Free Trade Agreement (FTA): Possible Impact on Bangladesh’s Exports> Introduction / Data and Methodology / Impact of EU-India FTA on Bangladeshi Exports / Policy Recommendations and Conclusions

9. The Performances and Challenges of Public-Private Partnership (PPP) Projects in Bangladesh> Introduction / Literature Review / Overview of PPP Projects in Bangladesh / PPP Project Development Phases and Regulatory Framework in Bangladesh / Selected Case Studies of PPP Projects in Bangladesh / Problems of PPP Project Implementation in Bangladesh / Policy Recommendations / Conclusions

10. Impact of Microcredit on Rural Livelihood: A Case Study in Bangladesh> Issue / Literature Review / Objectives / Methodology / Data Analysis / Summary Findings and Conclusions