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LPEM FEBUI Quarterly Economic Outlook 2015 Q3

Author

Listed:
  • Febrio Kacaribu

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Alvin Ulido Lumbanraja

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Faradina Alifia Maizar

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

Abstract

After years of high commodity prices since mid-2000s and, subsequently, quantitative easing policies in developed economies on an unprecedented scale, Indonesia—along with the rest of emerging markets—became complacent and failed to enact badly-needed structural reforms. It is therefore unsurprising when simultaneous episodes of China's decelerating growth, early signs of monetary policy tightening in the US, and commodity price slump hurt exports significantly and put strains on Rupiah. BI's mandate to stabilize exchange rate limit policy tools to maintain growth during episode of global slowdown leaves Indonesia with little room to support economic growth. The series of policy shocks by People's Bank of China—culminated in Q3 2015—that exacerbate global turmoil kicked the post-boom hangover into full swing, marked by Rupiah depreciation to 14,800 in October.

Suggested Citation

  • Febrio Kacaribu & Alvin Ulido Lumbanraja & Faradina Alifia Maizar, 2015. "LPEM FEBUI Quarterly Economic Outlook 2015 Q3," LPEM FEBUI Quarterly Economic Outlook 201503, LPEM, Faculty of Economics and Business, University of Indonesia, revised Mar 2015.
    • Handle: RePEc:lpe:queout:201503
    as

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    File URL: http://www.lpem.org/repec/lpe/queouts/IEO201503.pdf
    File Function: First version, 2015
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