Rebutting the rebuttal: On inflation, unemployment, and the Phillips curve
My article, "The interim has failed to curb inflation and unemployment," was published in The Daily Star on Dec 29, 2025. Dr Abdullah A Dewan has delivered a rebuttal to my writing, published on January 4, 2026.
8 January 2026, 07:00 AM
The interim has failed to curb inflation and unemployment
If the national election does take place in February, a new government will face dire quandaries for the economy.
29 December 2025, 02:00 AM
How to make the Bangladesh Bank autonomy ordinance effective
The success of the Bangladesh Bank’s policymaking hinges on several factors.
21 August 2025, 02:00 AM
Can monetary policy rescue the economy?
The question remains whether this policy can rescue the economy from the doldrums and place it firmly on the path of vibrancy.
17 August 2025, 02:00 AM
Singapore in 10 years?: BIDA chairman’s optimism vs economic reality
Bangladesh need not be like Singapore right now. Rather, it needs to understand how a country like Vietnam has been accelerating its pace of development.
21 April 2025, 02:00 AM
The root of the financial corruption
One of Benjamin Franklin’s quotes states, “Creditors have better memories than debtors.” But the inverse is true in Bangladesh, where the creditors often intentionally suffer from amnesia.
17 February 2025, 18:00 PM
What makes Bangladesh's economy more troubled to progress?
There is no certainty that the economic aspects won’t deteriorate further.
9 January 2025, 02:00 AM
Why is the banking sector crisis so deep-rooted?
The regime-sponsored immorality to protect or pamper the financial gangsters not only eroded the future of the banking sector, but also made the wound too difficult to recover from.
25 November 2024, 02:00 AM
The renaissance of Bangladesh Bank and some expectations
We hope that the BB governor will continue the momentum and spirit to bring order and promote the economy.
4 September 2024, 03:00 AM
Can the new leadership save the economy?
Never has this country seen such a scholarly leadership team for economic policymaking in its history
18 August 2024, 02:00 AM
A philosophically incorrect, structurally frail budget
When commitments don’t match with actions, the budget becomes methodologically disturbing too.
11 June 2024, 08:00 AM
A former governor’s unpleasant truths about the banking sector
Economists are always noted for telling unpleasant truths because they go by numbers, research, theory, and judgement. Rarely do politicians—who can manufacture arguments to suit their purpose—endorse economists who are objective. Former Bangladesh Bank Governor Dr Mohammad Farashuddin has unvei
8 May 2024, 14:00 PM
The concept of a public institution eludes our central bank
BB has recently restricted the journalists’ access for no reason in sight.
30 April 2024, 15:00 PM
EXIM-Padma Bank 'merger': Turning rotten apples into fresh oranges?
Bangladesh Bank deserves credit for forging the deal of signing the MoU between EXIM Bank and Padma Bank on March 18.
23 March 2024, 14:00 PM
Why do people stash dollars under pillows?
It's because of the inflation-led pressures on Bangladesh’s taka and the central bank's undervaluation of the US dollar.
11 March 2024, 02:00 AM
The farce of expressing PCI in taka
This is nothing more than a poor trick that will eventually produce no real gain.
20 February 2024, 01:00 AM
How default culture plagues Bangladesh’s banking sector
A pre-Socratic Greek philosopher named Parmenides first articulated the famous idea: “Nothing comes from nothing.” Later, it appeared in Aristotle’s Physics. The Roman philosopher,
19 February 2024, 18:00 PM
New monetary policy is appropriate in direction, but inadequate in dosage
Why this behind-the-curve approach to fighting inflation?
25 January 2024, 02:00 AM
Why our balance of payments won’t balance out post-election
With the facade of the elections at its height, prevailing financial issues seem to have faded into the background.
3 January 2024, 01:00 AM
Politicians’ wealth surge and why nations fail
The unbridled rise of moral hazards that engulf a nation and force it onto the path which leads to all areas becoming massively politicised, resulting in the youth being eager to become politicians for the wrong reasons.
18 December 2023, 04:00 AM