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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
In this paper we apply a simple macro model to explore and evaluate certain optimal monetary policy rules for China's economy. To be more consistent with the central bank (the People's Bank of China)'s behaviour, we use money supply as a monetary policy instrument rather than the commonly used...
Persistent link: https://www.econbiz.de/10005126241
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/10005749180
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The approximate reasoning is perceived as a derivation of new formulas with the corresponding temporal attributes, within a fuzzy theory defined by the fuzzy set of special axioms. For dynamic management applications, the reasoning is evolutionary because of unexpected events which may change...
Persistent link: https://www.econbiz.de/10008692255