FISCAL AND MONETARY POLICY INTERACTIONS IN INDONESIA DURING PERIODS OF ECONOMIC TURMOIL IN THE US: 2001Q1-2014Q4

Autor:	Ardyanto Fitrady, Insukindro Insukindro, Chandra Utama
Rok vydání:	2022
Předmět:	Finance
Zdroj:	Buletin Ekonomi Moneter dan Perbankan. 25:97-126
ISSN:	2460-9196 1410-8046
Popis:	This study investigates the formation of the interaction between monetary and fiscal policies in Indonesia during periods of economic turmoil in the US (external shock) based on the Hybrid New Keynesian (HNK) model. The study estimates the HNK model using the Full Information Maximum Likelihood and time-series data over theperiod 2001Q1-2014Q4. The result reveals the form of coordination is a monetary-led policy mix between active monetary policy and passive fiscal policy. The degree of coordination is down when external shock increases.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::660dd818ac3cf61ec27073d4f6109fb1 https://doi.org/10.21098/bemp.v25i1.1619 Zobrazit plný text záznamu