FULL-FLEDGED INFLATION TARGETING FRAMEWORK DAN PERSISTENSI INFLASI

Authors

  • Rachman Hakim Fakultas Ekonomi dan Bisnis Universitas Madura

DOI:

https://doi.org/10.22219/jep.v13i2.3896

Keywords:

full-fledged inflation targeting, inflation persistence

Abstract

Setting the inflation rate may look simple but certainly not easy. This can be evidenced by frequent melencengnya inflation target has been set by Bank Indonesia. To overcome this, the 2004 Law No. 3 Article 7 were excluded, thus changing the policy framework of inflation targeting lite be a full-fledged inflation targeting. This means that Bank Indonesia will focus on regulating the rate of inflation only. The purpose of this study to determine whether the rate of inflation to be more easily controlled in the period of full-fledged inflation targeting. The method used is the autoregressive model estimation. The results showed that the application of full-fledged inflation targeting has not had a positive impact in regulating the rate of inflation. In the period 2005-2015, was inflation is still very difficult to control or tend to be persistent. Interestingly, this was due to the strong influence of the global economy on the Indonesian econom

Downloads

Download data is not yet available.

Downloads

Published

2016-12-01

Issue

Vol. 13 No. 2 (2015): Jurnal Ekonomi Pembangunan

Section

Journal

License

Authors who publish with Jurnal Ekonomi Pembangunan (JEP) agree to the following terms:

  1. For all articles published in Jurnal Ekonomi Pembangunan (JEP), copyright is retained by the authors. Authors permit the publisher to announce the work with conditions. When the manuscript is accepted for publication, the authors agree to the publishing right's automatic transfer to the publisher.
  2. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a  Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
  3. Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
  4. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges and earlier and greater citation of published work (See The Effect of Open Access).

 

Creative Commons License
This work is licensed under a  Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.