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In this paper, we develop a forward-looking small scale macroeconomic model (SSMM) of the Indonesian economy which is potentially useful for carrying out monetary policy analysis. The Batini-Haldane (1999) model is used as the theoretical underpinning for the development of the model along with...
Persistent link: https://www.econbiz.de/10009363899
Monetary policy is the process by which the central bank of a country controls the supply of money, the availability of money, and the cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy. Fiscal policy induced demand...
Persistent link: https://www.econbiz.de/10009365531
Developing countries have been characterized as having played an essentially defensive role in the GATT, unwilling to make tariff concessions, and have focused almost exclusively on securing Special and Differential Treatment concessions. These three perspectives have become part of the...
Persistent link: https://www.econbiz.de/10009363374
This paper investigates the impact of global crisis shocks on Indias trade and industry. The estimated results show … that changes in trade composition are positively associated with changes in manufacturing composition in India, controlling …
Persistent link: https://www.econbiz.de/10009363484
In recent past, India has taken several measures to implement the trade facilitation measures. These have helped the … Customs Valuation (CV) Agreement in India especially in the context of trade facilitation (TF). In this paper, we present … trade regime in India. After interviewing a large number of firms, custom house agents and government officials we found …
Persistent link: https://www.econbiz.de/10009365134
Monetary policy frameworks in the Asia and Pacific region have performed well in the past decade as judged by inflation outcomes. We argue that this is due to three principal factors : (i) central banks have focused on price stability as the primary objective of monetary policy, (ii)...
Persistent link: https://www.econbiz.de/10009363854
We study, with daily and monthly data sets, the impact of conventional monetary policy measures such as interest rates, intervention and other quantitative measures, and of Central Bank communication on exchange rate volatility. Since India has a managed float, we also test if the measures...
Persistent link: https://www.econbiz.de/10009363921
Monetary policy is the process by which the central bank of a country controls the supply of money, the availability of money, and the cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy. Fiscal policy induced...
Persistent link: https://www.econbiz.de/10009647681
Monetary policy is the process by which the central bank of a country controls the supply of money, the availability of money, and the cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy. Fiscal policy induced...
Persistent link: https://www.econbiz.de/10009647718
This paper analyzes the role and scope of macroprudential policy in preventing financial instability in the context of East Asian economies. It analyzes the behavior of the housing market in a dynamic setting to identify some of the factors responsible for the volatility of housing markets and...
Persistent link: https://www.econbiz.de/10009653160