Contact
How to shop
Delivery
Shopping guide
English
170 b
Up to 30 days for returns
Customers also purchased
/
Paperback
32.06
€
/
Paperback
20.93
€
/
Paperback
32.67
€
/
Paperback
31.66
€
/
Paperback
15.57
€
/
Paperback
12.74
€
/
Paperback
28.22
€
/
Paperback
52.60
€
This thesis studies price behaviour, the determinants of inflation, threshold effects, and policy rules in Indonesia. The study reveals that the relative law of one price holds and prices of 35 sub-categories within 45 cities in Indonesia exhibit convergence. Inflation in Indonesia is found to be affected by expected inflation (backward-looking expectations and forward-looking expectations), the output gap, exchange rate depreciation, and money growth. Backward-looking inflation expectations dominate the form of inflation expectations. This study also finds non-linearity in the Phillips curve. The effect of exchange rate depreciation on CPI inflation is found to be linear. However, the effect of money growth on inflation is not linear. The study also reveals that the inflation forecast based rule with contemporaneous output gap (IFBG) is the most efficient rule for Indonesia. The rule suggests that the central bank should react strongly on the inflation deviation from the target, react moderately on the output gap and smooth the interest rate with optimal horizon to be 3-4 quarters.
About the book
English
Give this book today
It's easy
1 Add to cart and choose Deliver as present at the checkout 2 We'll send you a voucher 3 The book will arrive at the recipient's addressYou might also be interested in
/
Paperback
57.66
€
/
Paperback
9.40
€
/
Paperback
12.13
€
/
Paperback
28.32
€
/
Paperback
25.18
€
Hi! I'm Libroamiko, your book advisor.
How can I help you?