How can Indonesia maintain creditworthiness and noninflationary growth ?
AbstractDespite external shocks, Indonesia has maintained creditworthiness through swift adjustment. Indonesia's flexible economic management and clear policy signals have lent stability to the economy, in contrast to the stop and go reforms, uncertainty, and constant debt renegotiations in many high debt countries. The authors use an econometrically estimated macroeconomic model to analyze open economy adjustment in Indonesia - particularly the interaction between the exchange rate, the interest rate, growth, and debt - and to analyze future policy changes in light of Indonesia's objectives for growth, external debt, and inflation.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 291.
Date of creation: 31 Oct 1989
Date of revision:
Economic Theory&Research; Environmental Economics&Policies; Macroeconomic Management; Economic Stabilization; Banks&Banking Reform;
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Policy Research Working Paper Series
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