'Towards improved monetary policy in Indonesia': A comment

Gordon de Brouwer

doi:10.1080/0007491032000142773

'Towards improved monetary policy in Indonesia': A comment

Gordon de Brouwer^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

Abstract

This comment argues that inflation-focused policy is appropriate for Indonesia but that it should be directed at underlying inflation over the medium term. It contends that McLeod's monetarist explanation of inflation in Indonesia is unsatisfactory in theory and is not consistent with the evidence: traded goods prices rose before, and substantially more than, non-traded goods prices during the crisis of 1997-98, which is not consistent with the monetarist view that inflation was caused by excessive base money growth.

Original language	English
Pages (from-to)	325-328
Number of pages	4
Journal	Bulletin of Indonesian Economic Studies
Volume	39
Issue number	3
DOIs	https://doi.org/10.1080/0007491032000142773
Publication status	Published - Dec 2003

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'Towards improved monetary policy in Indonesia': A comment

Abstract

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