Countercyclical fiscal policy in Indonesia
The main objective of this thesis is to provide a comprehensive analysis on countercyclical role of fiscal policy in Indonesia. Three main goals are derived in order to address the main objective of the thesis. The first goal is to document and review fiscal policy responses to the different types of economic shocks in Indonesia since the 1970s. The second goal is to conduct an empirical examination of the practical behaviour of fiscal policy in Indonesia in response to economic cycles. Lastly,...[Show more]
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