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after the crisis of 1997 depends in part on the ability of Indonesia's institutions to manage political heterogeneity. This … need to manage heterogeneity was much less important under the authoritarian regime of the New Order; its fall and the …
Persistent link: https://www.econbiz.de/10005345930
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...
Persistent link: https://www.econbiz.de/10011256113
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...
Persistent link: https://www.econbiz.de/10011257626