Inflation and Monetary Policy Rules

Name: Inflation and Monetary Policy Rules
Brand: LAP Lambert Academic Publishing
SKU: 9783846595114
Price: 1555 CZK
Availability: InStock

Evidence from Indonesia

Autor: Rizki Wimanda

Jazyk:

Vazba: Brožovaná

Vydavatel: LAP Lambert Academic Publishing

Dostupnost: Skladem u dodavatele

Odesíláme za 5-8 dnů

1 555 Kč

This thesis studies price behaviour, the determinants of inflation, threshold effects, and policy ru...

Informace o knize

Autor

Rizki Wimanda

Jazyk

Angličtina

Vazba

Kniha - Brožovaná

Vydáno

2011

Stránek

328

EAN

9783846595114

Enbook ID

07148568

Vydavatel

LAP Lambert Academic Publishing

Hmotnost

505

Rozměry

150 x 19 x 20

Kompletní popis

This thesis studies price behaviour, the determinants of inflation, threshold effects, and policy rules in Indonesia. The study reveals that the relative law of one price holds and prices of 35 sub-categories within 45 cities in Indonesia exhibit convergence. Inflation in Indonesia is found to be affected by expected inflation (backward-looking expectations and forward-looking expectations), the output gap, exchange rate depreciation, and money growth. Backward-looking inflation expectations dominate the form of inflation expectations. This study also finds non-linearity in the Phillips curve. The effect of exchange rate depreciation on CPI inflation is found to be linear. However, the effect of money growth on inflation is not linear. The study also reveals that the inflation forecast based rule with contemporaneous output gap (IFBG) is the most efficient rule for Indonesia. The rule suggests that the central bank should react strongly on the inflation deviation from the target, react moderately on the output gap and smooth the interest rate with optimal horizon to be 3-4 quarters.

Mohlo by vás zajímat

Zákaznicí kteří koupili tuto knihu koupili také

Nejčastěji hledané

Categories

Authors

Publishers

Produkty

Produkty

Nejčastěji hledané

Categories

Authors

Publishers

Produkty

Produkty

Inflation and Monetary Policy Rules

Evidence from Indonesia

Informace o knize

Kompletní popis

Mohlo by vás zajímat

Zákaznicí kteří koupili tuto knihu koupili také