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This study estimated Indonesia's potential growth rate and examined its underlying determinants. Implementing a … stability, and support capital market development. This paper also reviews the level and structure of tax revenues in Indonesia …, estimates tax effort and tax efficiency, and discusses potential areas of revenue mobilization. Indonesia's financial linkages …
Persistent link: https://www.econbiz.de/10009510804
This study analyzes the magnitude of the US monetary policy spillover on the Indonesian local currency government bond yield, particularly when the Federal Reserve (Fed) implemented the quantitative easing (QE), tapering off, Fed fund rate (FFR) normalization, and quantitative tightening over...
Persistent link: https://www.econbiz.de/10014289870
This research aims to analyse the response of the Bank Indonesia (BI rate) to the Indonesian economic stability. The … by the Federal Reserve Data (FRED), the Bank Indonesia, and the Central Bureau of Statistics. The data used is since the …
Persistent link: https://www.econbiz.de/10012167214
How can a central bank control interest rates in an environment with large excess reserves? In this paper, we develop a dynamic general equilibrium model of a secured money market and calibrate it to the Swiss franc repo market to study this question. The theoretical model allows us to identify...
Persistent link: https://www.econbiz.de/10011338371
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In response to the financial crisis of 2007/08, all major central banks decreased interest rates to historically low levels and created large excess reserves. Central bankers and academics currently discuss how to implement monetary policy, going forward. We find that paying interest on reserves...
Persistent link: https://www.econbiz.de/10011790398
Major central banks remunerate reserves at negative interest rates and it is increasingly likely that they will keep rates negative for many more years. To study the long run implications of negative rates, we construct a dynamic general equilibrium model with commercial banks funding investment...
Persistent link: https://www.econbiz.de/10012390071
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