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Does Indonesia’s macroeconomic work well towards the political year?

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Listed:
  • Verico, Kiki

Abstract

This paper utilizes the timeframe of 2014-2018 as the period with some of the global underperformed macroeconomic indicators. This paper found that in late 2016, Indonesia’s macroeconomic indicators started shown some improvements that keep real and monetary sector’s equilibrium to be stable. This paper observes the external balance of current account, exchange rate stability, inflation and interest rate as well as consumption patterns, saving-investment gap, fiscal discipline & fiscal sustainability. It analyses the government expenditure multiplier, real & monetary sector stability and institutional coordination between fiscal authority, monetary authority, and financial service authority. Real sector improvements which have been rolling since 2017 has significantly contributed to the recent Indonesia’s macroeconomic stability. Technically, if all on the track, this will sustain during the upcoming political year of 2019.

Suggested Citation

  • Verico, Kiki, 2018. "Does Indonesia’s macroeconomic work well towards the political year?," MPRA Paper 86164, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:86164
    as

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    References listed on IDEAS

    as
    1. World Bank, 2017. "Indonesia Economic Quarterly, October 2017," World Bank Publications - Reports 29727, The World Bank Group.
    2. Sanjaya Lall, 2013. "Reinventing Industrial Strategy: The Role Of Government Policy In Building Industrial Competitiveness," Annals of Economics and Finance, Society for AEF, vol. 14(2), pages 785-829, November.
    3. Bernard Hoekman & Beata Smarzynska Javorcik, 2006. "Global Integration and Technology Transfer," World Bank Publications - Books, The World Bank Group, number 6962.
    4. M. Chatib Basri, 2017. "India and Indonesia: Lessons Learned from the 2013 Taper Tantrum," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 53(2), pages 137-160, May.
    5. Verico, Kiki, 2017. "Indonesia towards 2030 and beyond: A Long-Run International Trade Foresight," MPRA Paper 79530, University Library of Munich, Germany.
    6. Chaikal Nuryakin & Prani Sastiono & Faradina Alifia Maizar & Pyan Amin & Lili Yunita & Nanda Puspita & Moslem Afrizal & Christine Tjen, 2017. "Financial Inclusion through Digital Financial Services and Branchless Banking: Inclusiveness, Challenges and Opportunities," LPEM FEBUI Working Papers 201708, LPEM, Faculty of Economics and Business, University of Indonesia, revised Jun 2017.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Kiki Verico & Yeremia Natanael, 2018. "Let’s talk about the Free Trade Agreement (FTA): The five ASEAN members highlighting Indonesia," LPEM FEBUI Working Papers 201823, LPEM, Faculty of Economics and Business, University of Indonesia, revised Jul 2018.
    2. Verico, Kiki & Natanael, Yeremia, 2018. "Let’s talk about the Free Trade Agreement (FTA): The five ASEAN members highlighting Indonesia," MPRA Paper 87947, University Library of Munich, Germany.

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    More about this item

    Keywords

    Current Account; Exchange Rate; Economic Growth; Inflation; Interest Rate; Saving-Investment Gap; Real Sector Competitiveness; Fiscal Balance & Monetary Policy;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F1 - International Economics - - Trade
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • H0 - Public Economics - - General

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