Commodity price stabilisation: macroeconomic impacts and policy options

Kannapiran, Chinna A.

doi:10.1111/j.1574-0862.2000.tb00080.x

Cited by 10 publications

(3 citation statements)

References 5 publications

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“…Hal yang sama terjadi di beberapa negara, seperti yang disitir maupun yang dihasilkan dari studi Kannapiran (2000) menunjukkan skim stabilitas harga komoditas dapat mengurangi instabilitas ekonomi makro, tetapi pada beberapa hasil penelitian ada yang menciptakan sedikit fluktuasi, khususnya pada balance of payment dan stabilitas moneter. Hal itu disebabkan kebijakan stabilitas harga tidak memberikan kontribusi yang baik terhadap manajemen ekonomi makro.…”

Section: Pengendalian Inflasi Dan Pertumbuhan Ekonomiunclassified

“…Indikasi ini makin mendukung bahwa dampak kebijakan harga pangan tidak menyebabkan instabilitas ekonomi makro. Temuan ini sama dengan penelitian Kannapiran (2000), skim stabilitas harga komoditas dapat mengurangi instabilitas ekonomi makro. Secara relatif nilai koefisien variasi inflasi dan PDB akibat dampak kebijakan harga pangan lebih kecil dari kebijakan moneter.…”

Section: Respon Dinamik Variabel Ekonomi Makro Terhadap Guncangan Kebunclassified

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Dampak Kebijakan Harga Pangan dan Kebijakan Moneter Terhadap Stabilitas Ekonomi Makro

Ilham

Siregar

2016

JAE

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The relatively high share of food expenses in household expenditure indicates that contribution of food prices to the inflation rate is still quite high. Inflation and its fluctuations are important variables affecting macroeconomic stability. Therefore, stabilizing food prices, which could lead to a more stable inflation, might potentially result in a more stable macroeconomy. Food price policy might play important role in stabilizing food prices; but could also disturb the stability if implemented improperly. This paper aims at analyzing effects of food price as well as monetary policies on macroeconomic indicators. For this analysis, quarterly data of the period 1980.1 to 2004.4 were utilized. The study used a Vector Error Correction Model (VECM), from which Impulse Response Function (IRF) analyzes were carried out. The results suggest that: (1) food price policy could not cause instability of macroeconomy, and (2) food price policy could not affect the unemployment rate, while monetary policy could do. Key words : food price policy, monetary policy, stability, macroeconomic, VECM ABSTRAKMasih besarnya pangsa pengeluaran pangan pada sebagian besar kelompok masyarakat berarti bobot inflasi kelompok pangan terhadap inflasi masih cukup besar. Inflasi dan fluktuasinya dapat mempengaruhi stabilitas ekonomi makro. Jadi stabilitas harga pangan dan harga-harga di tingkat makro secara potensial dapat dilakukan dengan menerapkan kebijakan harga pangan. Namun, kebijakan harga pangan yang tidak tepat dapat juga menyebabkan ketidakstabilan ekonomi makro. Tulisan ini bertujuan untuk menganalisis dampak kebijakan harga pangan dan kebijakan moneter terhadap keseimbangan dan stabilitas indikator-indikator ekonomi makro. Data yang digunakan merupakan data sekunder deret waktu triwulanan untuk periode 1980.1 -2004.4. Analisis data menggunakan model VECM (Vector Error Correction Model) dan teknik IRF (Impulse Response Function). Hasil analisis menunjukkan bahwa kebijakan harga pangan tidak menyebabkan instabilitas ekonomi makro, sedangkan kebijakan moneter menyebabkan peningkatan angka pengangguran.Kata kunci : kebijakan harga pangan, kebijakan moneter, stabilitas, ekonomi makro, VECM

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Section: Pengendalian Inflasi Dan Pertumbuhan Ekonomiunclassified

Section: Respon Dinamik Variabel Ekonomi Makro Terhadap Guncangan Kebunclassified

Dampak Kebijakan Harga Pangan dan Kebijakan Moneter Terhadap Stabilitas Ekonomi Makro

Ilham

Siregar

2016

JAE

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“…According to Ilham & Siregar (2007), the food price policy implemented by the government in the long and short term will cause a contraction in Gross Domestic Product and inflation, but it will not cause an increase in unemployment and instability in the macro economy. Kannapiran (2000) states that the commodity price stability scheme causes macroeconomic instability to decline. Lloyd et al (2015) argued that food inflation is caused by economic openness and exchange rates.…”

Section: Introductionmentioning

confidence: 99%

The Dynamics of Rice Price in Cipinang Market Due to Shock of Pakistani Export Prices

Muhlis,

Harianto,

Nurmalina

et al. 2023

IJPSAT

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One form of bilateral cooperation between Indonesia and Pakistan is the entry of Pakistan as a general category of rice exporter to Indonesia in 2018. This condition will affect the price of rice traded in a traditional market in this case the Cipinang wholesale market. This study aims to examine changes in rice price in the wholesale market due to price shock in the Pakistani market. The data used were monthly data from January 2001-May 2018. Data were analyzed using VAR and VECM. The analysis results show that between the Indonesian and Pakistani rice markets, there is no integration. However, if they are integrated with rice in the Cipinang wholesale market, rice in the Pakistani market occurs integration with Cianjur kepala, Cianjur slyp, Muncul I, Muncul II, Muncul III and IR 42. The IR 42 rice price changes due to the changes on Pakistani rice price which does not cause any changes on other rice prices in the Cipinang Market. Based on this research, Indonesia could import rice from Pakistan by paying attention to farmers who grow varieties of rice that are integrated with Pakistani rice.

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On the costs of food price fluctuations in low-income countries

Myers

2006

Food Policy

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Commodity price stabilisation: macroeconomic impacts and policy options

Cited by 10 publications

References 5 publications

Dampak Kebijakan Harga Pangan dan Kebijakan Moneter Terhadap Stabilitas Ekonomi Makro

Dampak Kebijakan Harga Pangan dan Kebijakan Moneter Terhadap Stabilitas Ekonomi Makro

The Dynamics of Rice Price in Cipinang Market Due to Shock of Pakistani Export Prices

On the costs of food price fluctuations in low-income countries

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