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Towards Improved Monetary Policy in Indonesia: A comment

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dc.contributor.authorDe Brouwer, Gordon
dc.date.accessioned2015-12-13T22:27:50Z
dc.date.available2015-12-13T22:27:50Z
dc.date.issued2003
dc.date.updated2015-12-11T08:35:03Z
dc.description.abstractThis comment argues that inflation-focused policy is appropriate for Indonesia but that it should be directed at underlying inflation over the medium term. It contends that McLeod's monetarist explanation of inflation in Indonesia is unsatisfactory in theory and is not consistent with the evidence: traded goods prices rose before, and substantially more than, non-traded goods prices during the crisis of 1997-98, which is not consistent with the monetarist view that inflation was caused by excessive base money growth.
dc.identifier.issn0007-4918
dc.identifier.urihttp://hdl.handle.net/1885/74123
dc.publisherRoutledge, Taylor & Francis Group
dc.sourceBulletin of Indonesian Economic Studies
dc.subjectKeywords: capital market; inflation; monetary policy; price dynamics; Asia; Eurasia; Indonesia; Southeast Asia
dc.titleTowards Improved Monetary Policy in Indonesia: A comment
dc.typeJournal article
local.bibliographicCitation.issue3
local.bibliographicCitation.lastpage8
local.bibliographicCitation.startpage325
local.contributor.affiliationDe Brouwer, Gordon, College of Asia and the Pacific, ANU
local.contributor.authoruidDe Brouwer, Gordon, u9403698
local.description.notesImported from ARIES
local.description.refereedYes
local.identifier.absfor140212 - Macroeconomics (incl. Monetary and Fiscal Theory)
local.identifier.ariespublicationMigratedxPub3975
local.identifier.citationvolume39
local.identifier.doi10.1080/0007491032000142773
local.identifier.scopusID2-s2.0-0348234836
local.type.statusPublished Version

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