Inflation and Monetary Policy Rules

Name: Inflation and Monetary Policy Rules
Brand: LAP Lambert Academic Publishing
SKU: 9783846595114
Price: 72.24 EUR
Availability: InStock

Evidence from Indonesia

Автор: Rizki Wimanda

Език:

Корици: С меки корици

Издател: LAP Lambert Academic Publishing

Наличност: Външен склад

Изпращаме след 5-8 дни

72.24 € 141.29 лв

This thesis studies price behaviour, the determinants of inflation, threshold effects, and policy ru...

Информация за книгата

Автор

Rizki Wimanda

Език

Английски език

Корици

Книга - С меки корици

Издадена

2011

страници

328

EAN

9783846595114

Enbook ID

07148568

Издател

LAP Lambert Academic Publishing

Теглоt

505

Размери

150 x 19 x 20

Пълно описание

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.

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Inflation and Monetary Policy Rules

Evidence from Indonesia

Информация за книгата

Пълно описание

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Клиенти, които купиха тази книга, купиха също