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The global crisis brings about renewed reforms on central bank policy. First, in addition to the traditional mandate of price stability, there are strong supports for additional mandate of the central bank to promote financial system stability. Second, macroprudential policy is needed to address procyclicality and build-up systemic risks in the macro-financial linkages of financial system that …
The growth of domestic economy in Indonesia is lower than forecasted in first quarter of 2016. However, the economy is expected to revive and will grow higher in the next quarter, with a well maintained financial system stability. The limited growth of government consumption as well as private investment are the main reason for the slower growth in this quarter, eventhough the government spendi…
Indonesia ?s economy in the fourth quarter 2015 was marked by maintained macroeconomic and financial system stability, with a starting economic growth momentum. Macroeconomic stability reflected by lower inflationary pressures, a current account deficit in a healthy level, and manageable pressure on Rupiah. The stability of the financial system remains solid, underpinned by the resilience of th…
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The growth of Indonesian economy on Quarter III, 2016 recorded positive growth with a well maintained financial system and macroeconomic stability. The economy grew moderately supported by remaining strong domestic demand amidst the slow recovery of the global economy. The economic stability is also good reflected on the low inflation, decreasing current account deficit, and relatively stable e…
The growth of Indonesian economy on Quarter II, 2016 increased with a well-maintained financial system and macroeconomic stability. Though the growth was not uniform across sectors, the aggregate growth has increased during this quarter, supported by domestic demand, fiscal stimulus, along with monetary policy ease. On the other hand, the macroeconomic stability was well preserved as reflected …
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A Course in Monetary Economics is an insightful introduction to advanced topics in monetary economics. Accessible to students who have mastered the diagrammatic tools of economics, it discusses real issues with a variety of modeling alternatives, allowing for a direct comparison of the implications of the different models. The exposition is clear and logical, providing a solid foundation in mon…
This successful text, now in its second edition, offers the most comprehensive overview of monetary economics and monetary policy currently available. It covers the microeconomic, macroeconomic and monetary policy components of the field. Major features of the new edition include: - Stylised facts on money demand and supply, and the relationships between monetary policy, inflation, output and …
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This fully revised second edition of Bain and Howells' Monetary Economics provides an up-to-date examination of monetary policy as it is practised and the theory underlying it. The authors link the conduct of monetary policy to the IS/PC/MR model and extend this further through the addition of a simple model of the banking sector. They demonstrate why monetary policy is central to the managemen…
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Penelitian ini bertujuan untuk mengetahui pengaruh dari liquidity creation perbankan terhadap pertumbuhan ekonomi Indonesia. Penelitian ini menggunakan periode observasi tahun 2006-2014 dengan menggunakan metode regresi ordinary least square. Hasil estimasi menunjukkan bahwa pengaruh liquidity creation perbankan terhadap pertumbuhan ekonomi Indonesia adalah positif dan signifikan, di mana semak…