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The Global Crisis Impact on Indonesia Regional Economy

Author

Listed:
  • Andry Prasmuko

    (Bank Indonesia)

  • Donni Fajar Anugrah

    (Bank Indonesia)

Abstract

This paper discusses the impact of global financial crisis to the Indonesia's economy by using the simultaneous macro model approach.The analysis and simulation results of such model show that the impact of the global financial crisis is dominantly distributed through the trade line, which decreases the regional output.To the components of aggregate demand, the movement of exchange rate has major effect to the exports and imports, whereas to the consumption and investment, it gives relatively small effect.The impact of external shock, which causes the depreciation of Rupiah, is relatively small to the increase of inflation.

Suggested Citation

  • Andry Prasmuko & Donni Fajar Anugrah, 2010. "The Global Crisis Impact on Indonesia Regional Economy," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 12(3), pages 1-34, January.
    • Handle: RePEc:idn:journl:v:12:y:2010:i:3:p:1-34
    DOI: https://doi.org/10.21098/bemp.v12i3.376
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    Cited by:

    1. Sharma, Susan Sunila & Bach Phan, Dinh Hoang & Narayan, Paresh Kumar, 2019. "Exchange rate effects of US government shutdowns: Evidence from both developed and emerging markets," Emerging Markets Review, Elsevier, vol. 40(C), pages 1-1.

    More about this item

    Keywords

    Financial crisis; simultaneous model; Indonesia;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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