文章基本信息

标题：Optimal Rules bagi Instrumen Kebijakan Moneter di Indonesia: Pengujian Empiris Model Guender
其他标题：Optimal Rules bagi Instrumen Kebijakan Moneter di Indonesia: Pengujian Empiris Model Guender
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作者：Zenathan Adnin ; Eugenia Mardanugraha
期刊名称：JEPI (Jurnal Ekonomi dan Pembangunan Indonesia)
印刷版ISSN：1411-5212
电子版ISSN：2406-9280
出版年度：2008
卷号：9
期号：1
页码：93-115
DOI：10.21002/jepi.v9i1.151
出版社：Department of Economics
摘要：This study aims to test model developed by Guender (2002) in determining optimal rules for monetary policy instrument in Indonesia. The test is conducted by estimating parameters of IS equation and Forward Looking Phillips Curve. The result expected is rules for determining the optimal interest rate which is influenced by the gap between actual and targeted inflation. The result shows that in the era of inflation targeting the interest rate setting policy as monetary policy instrument has focus on output stability rather than inflation stability. Finally, the study concludes that the interest rate targeting as BI rate has not being optimal.
其他摘要：This study aims to test model developed by Guender (2002) in determining optimal rules for monetary policy instrument in Indonesia. The test is conducted by estimating parameters of IS equation and Forward Looking Phillips Curve. The result expected is rules for determining the optimal interest rate which is influenced by the gap between actual and targeted inflation. The result shows that in the era of inflation targeting the interest rate setting policy as monetary policy instrument has focus on output stability rather than inflation stability. Finally, the study concludes that the interest rate targeting as BI rate has not being optimal.
关键词：monetary policy; interest rate; inflation
其他关键词：monetary policy;interest rate;inflation