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OPTIMAL RULES BAGI INSTRUMEN KEBIJAKAN MONETER DI INDONESIA: PENGUIIAN EMPIRIS MODEL GUENDER

Jurnal Ekonomi dan Pembangunan Indonesia

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Field Value
 
Title OPTIMAL RULES BAGI INSTRUMEN KEBIJAKAN MONETER DI INDONESIA: PENGUIIAN EMPIRIS MODEL GUENDER
 
Creator Adnin, Zenathan
Mardanugraha, Eugenia
 
Subject economics
monetary policy, interest rate, inflation.
E52, E58, E13, E43, C22
 
Description This study aims to test model developed by Guender (2002) in determining optimal rules for monetary policy instrument in Indonesia. The test is conducted by estimating parameters of IS equation and Forward Looking Phillips Curve. The result expected is rules for determining the optimal interest rate which is influenced by the gap between actual and targeted inflation. The result shows that in the era of inflation targeting the interest rate setting policy as monetary policy instrument has focus on output stability rather than inflation stability. Finally, the study concludes that the interest rate targeting as BI rate has not being optimal.
 
Publisher Department of Economics-FEB UI
 
Contributor —
 
Date 2008-07-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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Format application/pdf
 
Identifier http://jepi.fe.ui.ac.id/index.php/JEPI/article/view/151
10.21002/jepi.v9i1.151
 
Source Jurnal Ekonomi dan Pembangunan Indonesia; Vol 9, No 1 (2008): Juli; 93-115
2406-9280
1411-5212
 
Language eng
 
Relation http://jepi.fe.ui.ac.id/index.php/JEPI/article/view/151/65
 
Coverage Indonesia
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