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Rigiditas Harga Upah Dan Implikasinya Pada Kebijakan Moneter Di Indonesia

Author

Listed:
  • Solikin M. Juhro

    (Bank Indonesia)

  • Iman Sugema

    (Ekonom Senior INDEF)

Abstract

This research is using survey method with focusing on the issue of how and what the determinants of price and wage rigidity, including uncertainty. In the case of price rigidity, we find that firm-cost related factors or supply side plays greater role than demand side of the market. This rule applies on middle up scale firm, firm with differentiated products and firm with large market coverage. The opposite will occur on small, homogenous product and small market coverage firm. We also confirm the downward rigidity phenomenon as price is ease to increase than decrease. Our findings imply several important impact on monetary policy effectiveness, monetary policy asymmetry, inflation targeting and minimum wage determination.

Suggested Citation

  • Solikin M. Juhro & Iman Sugema, 2004. "Rigiditas Harga Upah Dan Implikasinya Pada Kebijakan Moneter Di Indonesia," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 7(2), pages 1-36, September.
    • Handle: RePEc:idn:journl:v:7:y:2004:i:2:p:1-36
    DOI: https://doi.org/10.21098/bemp.v7i2.106
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    Cited by:

    1. Maman Setiawan & Grigorios Emvalomatis & Alfons Oude Lansink, 2015. "Price Rigidity and Industrial Concentration: Evidence from the Indonesian Food and Beverages Industry," Asian Economic Journal, East Asian Economic Association, vol. 29(1), pages 61-72, March.

    More about this item

    Keywords

    Price rigidity; wage rigidity;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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