Abstract
This chapter provides an econometric framework for the Indonesian economy for the period of 1969–1980. A major characteristic of the model lies in the attempt to integrate real and monetary sectors’ models and investigate the interactions between real and monetary phenomena in the recent Indonesian economy. The model for real sector is mainly based on national income accounting with some sectoral disaggregation. On the other hand, the model for monetary sector depends exclusively on the balance sheets of the monetary authorities and the deposit money banks as well as on their consolidation for the monetary system.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Aghevli BB (1976) A model of the monetary sector for Indonesia 1968–1973. Bulletin of Indonesian Economic Studies, November
Aghevli BB, Rodriguez CA (1979) Trade, prices, and output in Japan: a simple monetary model. IMF Staff Papers, March
Bank Indonesia, Department of Economic Research (1979) Application of ‘policy-oriented model’ to the economy of Indonesia. mimeo.
Bank Indonesia, Department of Economic Research (1980) Appendix I: equations of the model. mimeo.
Behrman JR (1977) Macroeconomic policy in a development country: the children experience. North-Holland Publishing Company
Boediono (1979) Sebuah model makro triwulanan untuk Indonesia. Economics and Finance in Indonesia, September
Booth A, McCawley P (eds) (1981) The Indonesian economy during the Soeharto Era. Oxford University Press, Kuala Lumpur
Brainard WC, Tobin J (1968) Pitfalls in financial model building. American Economic Review, May
Bryant RC (1980) Money and monetary policy in interdependent nations. Brookings Institution, Washington D.C.
Djiwandono JS (1980) A monetary analysis of an open economy: the case of Indonesia, 1968–1978. unpublished Ph.D. dissertation, Boston University
Grenville S (1976) Money, prices and finance in Indonesia: 1960–74. unpublished Ph.D. dissertation, Australian National University, December
Ichimura S (1979) Econometric models of East and Southeast Asian developing economies and Asian link model. Southeast Asian Studies, September
Leff NH, Sato K (1980) Macroeconomic adjustment in developing countries: instability, short-run growth and external dependency. Review of Economics and Statistics, May
Mailangkay, Hidromarsono (1977) A model of the monetary sector in Indonesia. Paper presented at pacific basin central bank conference on econometric modeling, Bank Indonesia, November
Modigliani F (1980) A new look at the monetary mechanism. Discussion paper no 447, Institute for Economic Research, Queen’s University, W.A. Mackintosh Lecture
Slangor, Hindromarsono (1980) An econometric model of the Indonesian economy: an attempt to integrate the monetary and real sectors. In: Bank of Japan, Proceeding of the fourth pacific basin central bank conference on econometric modeling, June
South-East Asian Central Banks (SEACEN) Research and Training Center (1981) The relation-ship of money and credit to economic activity. Petaling Jaya, Malaysia, April
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1985 Springer-Verlag Tokyo
About this paper
Cite this paper
Kobayashi, K., Tampubolon, H., Ezaki, M. (1985). Indonesia Model. In: Ichimura, S., Ezaki, M. (eds) Econometric Models of Asian Link. Springer, Tokyo. https://doi.org/10.1007/978-4-431-68028-4_9
Download citation
DOI: https://doi.org/10.1007/978-4-431-68028-4_9
Publisher Name: Springer, Tokyo
Print ISBN: 978-4-431-70007-4
Online ISBN: 978-4-431-68028-4
eBook Packages: Springer Book Archive