Since 2014
Measurement of the efficiency of monetary policy
Economic Journal of Emerging Markets
View Archive Info| Field | Value | |
| Title |
Measurement of the efficiency of monetary policy
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| Creator |
Purwanda, Eka
Rochana, Siti Herni |
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| Subject |
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monetary policy, inflation target-ing framework, loss function, efficiency — |
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| Description |
Since 2000, monetary policy in Indonesia started to use Inflation Targeting Framework (ITF). To evaluate the performance of the monetary policy, it requires efficiency indicators. The measurement of the efficiency of monetary policy is based on inflation and output variations. This paper formulates a method for measuring the efficiency of monetary policy and applies it in Indonesia. It finds that since the implementation of ITF, the efficiency of monetary policy has not changed significantly. However, the efficiency of monetary policy tends to increase after the full implementation of the ITF framework after 2005 than in the transition period of 2000-2005.
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| Publisher |
Universitas Islam Indonesia
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| Contributor |
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| Date |
2017-10-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://journal.uii.ac.id/JEP/article/view/8009
10.20885/ejem.vol9.iss2.art3 |
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| Source |
Economic Journal of Emerging Markets; Volume 9 Issue 2, 2017; 138-149
2502-180X 2086-3128 |
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| Language |
eng
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| Relation |
http://journal.uii.ac.id/JEP/article/view/8009/7398
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| Coverage |
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| Rights |
Copyright (c) 2017 Economic Journal of Emerging Markets
http://creativecommons.org/licenses/by-sa/4.0 |
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