This paper shows that government debt creates a so far neglected wealth effect that has sizable effects on business cycle fluctuations. We present a new channel through which governments can influence cyclical fluctuations generated by any type of shock and contribute to macroeconomic stability....

Economic policy transmission between trade partners has been analyzed over different contexts in the literature. Depending on real or nominal frictions, the results indicate possible beggar-thy-neighbor effects for policies, given international trade, and need for coordinating policies. The...

This study aims at analyzing the resilience of Indonesia from two aspects: one is was natural disaster and the other is environmental protection. Therefore the study comprises two parts. The first aims at analyzing Palangkaraya City in Central Kalimantan Province by constructing apartial and a...