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Does Indonesia’s Macroeconomic Work Well Towards the Political Year?

Author

Listed:
  • Kiki Verico

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

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 and fiscal sustainability. It analyses the government expenditure multiplier, real and 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

  • Kiki Verico, 2018. "Does Indonesia’s Macroeconomic Work Well Towards the Political Year?," LPEM FEBUI Working Papers 201819, LPEM, Faculty of Economics and Business, University of Indonesia, revised Apr 2018.
    • Handle: RePEc:lpe:wpaper:201819
    as

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    File URL: https://www.lpem.org/repec/lpe/papers/WP201819.pdf
    File Function: First version, 2018
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    References listed on IDEAS

    as
    1. Bernard Hoekman & Beata Smarzynska Javorcik, 2006. "Global Integration and Technology Transfer," World Bank Publications - Books, The World Bank Group, number 6962, December.
    2. 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.
    3. Verico, Kiki, 2017. "Indonesia towards 2030 and beyond: A Long-Run International Trade Foresight," MPRA Paper 79530, University Library of Munich, Germany.
    4. 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)

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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.

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    More about this item

    Keywords

    Current Account — Exchange Rate — Economic Growth — Inflation — Interest Rate — Saving-Investment Gap — Real;

    JEL classification:

    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities
    • R22 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Other Demand
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock

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