Compared to other Asia's most dynamic economies, currently Indonesia is still in the earlier stage of demographic transition, with 7.9 percent of the population aged 60 years or older in 2010. Nevertheless, demographic transition is considered as a quite important issue, not only its implication...

Feng Zhu (2015) has delivered sound research on the equilibrium real interest rate and its implication for monetary policy in Asia-Pacific countries. I fully concur that the use of the natural interest rate framework to implement monetary policy poses many risks, given the numerous uncertainties...

The global financial crisis of 2008-09 (GFC) and the deep accompanying recession created an overarching structural condition of a global and domestic demand shortage. Since then, from a broader policy perspective, there has been a growing call for a revival of the subdued role of the central...

Indonesian Abstract:Penelitian ini berupaya untuk merumuskan paradigm dan model pertumbuhan ekonomi yang lebih sesuai dengan memanfaatkan berbagai potensi perekonomian Indonesia, khususnya sumber daya manusia. Dalam penelitian ini, diuji pula relevansi model pertumbuhan semi-endogen dalam...

We analyze the impact of a catalytic collaboration as a tool on the leverage of transformational leadership competencies to generate a sustainable innovation by developing a Sustainable Innovation Matrix (SIM) leadership model. We observe it by employing a unique data set of the behaviors of...

Central Bank Policy Mix: Key Concepts and Indonesia's Experience -- Central Bank Policy Mix: Issues, Challenges, and Policy Responses -- Monetary Policy -- Exchange Rate Policy and Regimes -- Managing Capital Flows -- Financial Stability and Systemic Risk -- Macroprudential Policies and...