The stability of the demand for real Ml in Indonesia is empirically examinedusing quarterly data between 1981 and 2002. A cointegrated VAR methodology thatisolates the period of structural breaks in the data generating process of the variables,caused by the Asian crisis, is used. The results...

In this paper the effect of excess narrow money (MI) on C PI intlation in Indonesiabefore, during, and after the Asian crisis is empirically examined. The standard model for themonetary analysis of inflation, i.e. the P-Star model by Hallman-Porter-Small (1991), isapplied and tested empirically...

Private consumption expenditure (PCE) contributes a major share in Indonesian GDP and its growth has been dominating the economic growth. PCE is also linked directly to the welfare of Indonesian people making it even more relevant for its close monitoring. However, despite the high volatility of...

To what extent green accounting can properly measure sustainable development, not only depend on how well we maintain the link between the indicators and a clearlydefined concept of sustainable development but also on cautious interpretation of those indicators. Information from green accounting...

We adopt the definition of sustainability as “non-declining welfare per capita”, and measure genuine savings and change in wealth per capita as indicator of weak sustainability. The results suggests that the overall trend in sustainability as measured by changes in wealth per capita had...