This study examines the early warning indicators of crises and the optimal policies for mitigating economic crises. Based on meta-analysis of 72 studies, we find that the exchange rate is the most used indicator in detecting crises, and the optimal policies for mitigating crises are monetary and fiscal policies. We further find that besides the exchange rate, the interest rate is a dominant ind…
Presidensi G20 Indonesia mengusung tema “Pulih Bersama, Pulih Lebih Kuat" (Recover Together, Recover Stronger). Tujuan utama Presidensi G20 Indonesia adalah untuk menemukan solusi bersama atas kondisi ekonomi global. Guna mewujudkan tema tersebut, ditetapkan agenda prioritas yang dibahas dalam dua jalur agenda utama, yaitu jalur keuangan (finance track) dan jalur serpa (sherpa track). Jal…
This study examines the early warning indicators of crises and the optimal policies for mitigating economic crises. Based on meta-analysis of 72 studies, we find that the exchange rate is the most used indicator in detecting crises, and the optimal policies for mitigating crises are monetary and fiscal policies. We further find that besides the exchange rate, the interest rate is a dominant ind…
Unit root properties of macroeconomic data are important for both econometric modeling and policymaking. The form of variables (whether they are a unit root process) helps determine the correct econometric model. Equally, the form of variables helps explain how they react to shocks (both internal and external). Macroeconomic time-series data are often at the forefront of shock analysis and econ…