IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/86164.html
   My bibliography  Save this paper

Does Indonesia’s macroeconomic work well towards the political year?

Author

Listed:
  • Verico, Kiki

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

  • Verico, Kiki, 2018. "Does Indonesia’s macroeconomic work well towards the political year?," MPRA Paper 86164, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:86164
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/86164/1/MPRA_paper_86164.pdf
    File Function: original version
    Download Restriction: no
    File URL: https://mpra.ub.uni-muenchen.de/86217/1/MPRA_paper_86164.pdf
    File Function: revised version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. World Bank, 2017. "Indonesia Economic Quarterly, October 2017," World Bank Publications - Reports 29727, The World Bank Group.
    3. Verico, Kiki, 2017. "Indonesia towards 2030 and beyond: A Long-Run International Trade Foresight," MPRA Paper 79530, University Library of Munich, Germany.
    4. Sanjaya Lall, 2013. "Reinventing Industrial Strategy: The Role Of Government Policy In Building Industrial Competitiveness," Annals of Economics and Finance, Society for AEF, vol. 14(2), pages 785-829, November.
    5. Bernard Hoekman & Beata Smarzynska Javorcik, 2006. "Global Integration and Technology Transfer," World Bank Publications - Books, The World Bank Group, number 6962.
    6. 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)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.
    2. Verico, Kiki & Natanael, Yeremia, 2018. "Let’s talk about the Free Trade Agreement (FTA): The five ASEAN members highlighting Indonesia," MPRA Paper 87947, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. Shafaeddin, Mehdi, 2010. "Trade liberalization, industrialization and development; experience of recent decades," MPRA Paper 26355, University Library of Munich, Germany.
    3. Andrés Rodríguez-Clare, 2005. "Coordination Failure, Clusters, and Microeconomic Interventions," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2005), pages 1-41, August.
    4. Echavarría Juan José & María Angélica Arbeláez & María Fernanda Rosales, 2006. "La productividad y sus determinantes:el caso de la industria colombiana," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, June.
    5. Lim, King Yoong, 2019. "Industrial Transformation With Heterogeneous Labor And Foreign Experts," Macroeconomic Dynamics, Cambridge University Press, vol. 23(8), pages 3225-3266, December.
    6. I. P. Sapinas & L. K. Abbott, 2021. "Soil Fertility Management Based on Certified Organic Agriculture Standards - a Review," Sustainable Agriculture Research, Canadian Center of Science and Education, vol. 9(2), pages 1-1, December.
    7. Shafaeddin, Mehdi, 2008. "South-South Regionalism And Trade Cooperation In The Asia-Pacific Region," MPRA Paper 10886, University Library of Munich, Germany.
    8. Zulfadhli, 2018. "Determination of Industrial Competitiveness on Manufacturing Industry Growth in Palembang City," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 8(3), pages 238-254, July.
    9. repec:era:wpaper:dp-2015-73 is not listed on IDEAS
    10. Rodrik, Dani, 2004. "Industrial Policy for the Twenty-First Century," Working Paper Series rwp04-047, Harvard University, John F. Kennedy School of Government.
    11. Tilman Altenburg & Wilfried Lütkenhorst, 2015. "Industrial Policy in Developing Countries," Books, Edward Elgar Publishing, number 14726.
    12. Thomas Farole & Deborah Winkler, 2014. "Making Foreign Direct Investment Work for Sub-Saharan Africa : Local Spillovers and Competitiveness in Global Value Chains," World Bank Publications - Books, The World Bank Group, number 16390.
    13. Lanouar Charfeddine & Zouhair Mrabet, 2015. "Trade liberalization and relative employment: further evidence from Tunisia," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 5(1), pages 173-202, June.
    14. Padmashree Gehl Sampath & Bertha Vallejo, 2018. "Trade, Global Value Chains and Upgrading: What, When and How?," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 30(3), pages 481-504, July.
    15. Peter Timmer, 2018. "Pro-poor growth in Indonesia: Challenging the pessimism of Myrdal's Asian Drama," WIDER Working Paper Series wp-2018-103, World Institute for Development Economic Research (UNU-WIDER).
    16. Marian Negoita, 2014. "Globalization, state, and innovation: An appraisal of networked industrial policy," Regulation & Governance, John Wiley & Sons, vol. 8(3), pages 371-393, September.
    17. Kiki Verico, 2021. "Global Pandemic 2020: Indonesia’s Output Gap and Middle-Income Trap Scenario," LPEM FEBUI Working Papers 202157, LPEM, Faculty of Economics and Business, University of Indonesia, revised 2021.
    18. Jutta Günther & Johannes Stephan & Björn Jindra, 2008. "Foreign Subsidiaries in the East German Innovation System - Evidence from Manufacturing Industries," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 59(Supplemen), pages 137-172.
    19. Benhassine, Najy & Raballand, Gaël, 2009. "Beyond ideological cleavages: A unifying framework for industrial policies and other public interventions," Economic Systems, Elsevier, vol. 33(4), pages 293-309, December.
    20. Pietrobelli C. & Puppato F., 2015. "Technology foresight and industrial strategy in developing countries," MERIT Working Papers 2015-016, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    21. Laurids S. Lauridsen, 2018. "New economic globalization, new industrial policy and late development in the 21st century: A critical analytical review," Development Policy Review, Overseas Development Institute, vol. 36(3), pages 329-346, May.

    More about this item

    Keywords

    Current Account; Exchange Rate; Economic Growth; Inflation; Interest Rate; Saving-Investment Gap; Real Sector Competitiveness; Fiscal Balance & Monetary Policy;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F1 - International Economics - - Trade
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • H0 - Public Economics - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:86164. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.