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http://repository.ipb.ac.id/handle/123456789/59086
Title: | Effects of External and Domestic Shocks on the Indonesian Macroeconomy Dampak Guncangan Eksternal dan Domestik terhadap Makroekonomi Indonesia |
Authors: | Siregar, Hermanto Nuryartono, Nunung Nuraini, Anisa |
Keywords: | business cycle Indonesian macroeconomy agregrat demand shocks oil price shock SVECM |
Issue Date: | 2012 |
Abstract: | As a small open economy country, Indonesia is exposed to various external and domestic events that can potentially interfere its domestic macroeconomic stability. Hence, it is necessary to have appropriate policies in order to reduce the excessive fluctuations in economy. The aim of this study is to assess the main shocks affecting the domestic economy and also to find out domestic macroeconomic responses when shocks happen. To achieve aforementioned objectives we use a SVECM method with a set of short run restrictions based on the New Keynesian framework. This study finds that the domestic shocks hold an important role for the fluctuations of the domestic macroeconomy, meanwhile the external shocks including world oil price shock have less important role. Demand shock, ultimately real exchange rate shock, evidently become as important as supply shock, which is permanently responded by GDP and the real exchange rate. Moreover, this study also find that money neutrality occurs both in the shortrun and long-run. |
URI: | http://repository.ipb.ac.id/handle/123456789/59086 |
Appears in Collections: | MT - Economic and Management |
Files in This Item:
File | Description | Size | Format | |
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2012anu.pdf Restricted Access | Fulltext | 2.51 MB | Adobe PDF | View/Open |
Abstract.pdf Restricted Access | Abstract | 324.45 kB | Adobe PDF | View/Open |
BAB I Pendahuluan.pdf Restricted Access | BAB I | 528.91 kB | Adobe PDF | View/Open |
BAB II Tinjauan Pustaka.pdf Restricted Access | BAB II | 498.33 kB | Adobe PDF | View/Open |
BAB III Metode Penelitian.pdf Restricted Access | BAB III | 448.85 kB | Adobe PDF | View/Open |
BAB IV Fluktuasi Makroekonomi Indonesia.pdf Restricted Access | BAB IV | 364.91 kB | Adobe PDF | View/Open |
BAB V Spesifikasi Model ....pdf Restricted Access | BAB V | 515.89 kB | Adobe PDF | View/Open |
BAB VI Dampak Guncangan Eksternal ....pdf Restricted Access | BAB VI | 593.99 kB | Adobe PDF | View/Open |
BAB VII Dampak Guncangan Domestik ....pdf Restricted Access | BAB VII | 670.57 kB | Adobe PDF | View/Open |
BAB VIII Kesimpulan dan Saran.pdf Restricted Access | BAB VIII | 323.87 kB | Adobe PDF | View/Open |
Cover.pdf Restricted Access | Cover | 305.22 kB | Adobe PDF | View/Open |
Daftar Pustaka.pdf Restricted Access | Daftar Pustaka | 331.21 kB | Adobe PDF | View/Open |
Lampiran.pdf Restricted Access | Lampiran | 908.25 kB | Adobe PDF | View/Open |
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