Money - Inflation Nexus in Indonesia: Evidence from a P-Star Analysis

Anglingkusumo, Reza

doi:10.2139/ssrn.738404

Cited by 5 publications

(1 citation statement)

References 30 publications

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“…Finding show that money -when measured by P-star or, alternatively: the real money gap -plays an important role for explaining inflation in Sweden, so the model has been applied successfully for the prediction of inflation in Sweden. Anglingkusumo (2005) analyzes the relationship between money and inflation in Indonesia based on the P* model during 1981-2002. In this paper, the effect of excess narrow money (M1) on inflation in Indonesia before, during, and after the Asian crisis is empirically examined.…”

Section: Introductionmentioning

confidence: 99%

Money and Inflation in Iran: Evidence from P* Model

Naghdi¹,

Kakoei²

2011

JEBS

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This study with its monetary viewpoint and in the form of P* model surveyed to test the money affect on inflation in Iranian economy. To achieve this goal OLS, ARDL techniques were used during 19792008. It should be noted that only the standard P* model (domestic price gap) were tested in this study. Considering that domestic price gap consists of output gap and velocity gap, the Hedrickâ€“Prescott filter method is used to estimate the potential production levels and the velocity. Estimation results of various models show that the standard P* model (domestic price gap) is not able to explain and forecast inflation in Iran.

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Section: Introductionmentioning

confidence: 99%

Money and Inflation in Iran: Evidence from P* Model

Naghdi¹,

Kakoei²

2011

JEBS

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Optimal Credit Growth

Utari¹,

Arimurti²,

Kurnia³

2012

BEMP

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Banking credit has an important role in financing the national economy and as engine of economic growth. The high growth of credit is a commonly normal phenomenon as a positive consequence from the increase of financial deepening in economy. On the other hand, one must consider the implication of credit growth towards the financial stabilization and macro condition. Therefore, the policy authority should be able to identify the credit growth that is considered to be risky for the financial system and the macro stability. This research measures the credit growth without negative impact towards the economy and the banking condition. The testing uses Markov Switching (MS) Univariate approach and MS Vector Error Correction Model. The result with MS Univariate approach shows that the upper limit of the real credit growth in moderate regime is about 17.39 percent, while using the MS VECM approach is about 22.15 percent. Keywords: bank, credit, risk, markov switching error correction modelJEL classification: G21, E51, C23,C24

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Pertumbuhan Kredit Optimal

Utari¹,

Arimurti²,

Kurniati³

2012

BEMP

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Banking credit has an important role in financing the national economy and as engine of economic growth. The high growth of credit is a commonly normal phenomenon as a positive consequence from the increase of financial deepening in economy. On the other hand, one must consider the implication of credit growth towards the financial stabilization and macro condition. Therefore, the policy authority should be able to identify the credit growth that is considered to be risky for the financial system and the macro stability. This research measures the credit growth without negative impact towards the economy and the banking condition. The testing uses Markov Switching (MS) Univariate approach and MS Vector Error Correction Model. The result with MS Univariate approach shows that the upper limit of the real credit growth in moderate regime is about 17.39 percent, while using the MS VECM approach is about 22.15 percent.Keywords: bank, credit, risk, markov switching error correction modelJEL classification: G21, E51, C23,C24

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Money - Inflation Nexus in Indonesia: Evidence from a P-Star Analysis

Cited by 5 publications

References 30 publications

Money and Inflation in Iran: Evidence from P* Model

Money and Inflation in Iran: Evidence from P* Model

Optimal Credit Growth

Pertumbuhan Kredit Optimal

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