Since 2014
THE DYNAMICS OF INDONESIA INFLATION: WHAT CAN WE LEARN FROM INFLATION DISAGGREGATION?
Bulletin of Monetary Economics and Banking
View Archive Info| Field | Value | |
| Title |
THE DYNAMICS OF INDONESIA INFLATION: WHAT CAN WE LEARN FROM INFLATION DISAGGREGATION?
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| Creator |
Kusuma, IGP Wira
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| Description |
This paper employs disaggregated data of inflation combined with Factor Augmented Vector Auto Regression (FAVAR) to explore the price behaviour in Indonesia. The main finding of this analysis is that price behaviour in Indonesia exhibits heterogeneity. It is evident not only in terms of the magnitude, but also in the direction and the speed of adjustment to the new equilibrium in response to interest rate shock. Price volatility is mainly related to sector specific shocks instead of macroeconomic shocks. Another finding is, the price puzzle weakens once ITF is adopted. Keywords: price disaggregation, inflation, FAVAR, price puzzle.JEL classification: C32, E31, E52
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| Publisher |
Bank Indonesia
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| Date |
2014-02-04
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://www.bmeb-bi.org/index.php/BEMP/article/view/38
10.21098/bemp.v16i1.38 |
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| Source |
Buletin Ekonomi Moneter dan Perbankan; Vol 16 No 1 (2013): JULY; 43-79
Buletin Ekonomi Moneter dan Perbankan; Vol 16 No 1 (2013): JULY; 43-79 2460-9196 1410-8046 |
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| Language |
ind
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| Relation |
https://www.bmeb-bi.org/index.php/BEMP/article/view/38/30
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| Rights |
Copyright (c) 2015 IGP Wira Kusuma
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