Identifikasi Variabel Informasi Dalam Framework Inflation Targeting
Abstract
Inflation targeting (IT) secara implisit telah diterapkan di Indonesia sejak Bank Indonesia mengumumkan target inflasi secara transparan kepada publik di awal tahun 2000. Penerapan IT di Indonesia didasarkan pada beberapa pertimbangan (Alamsyah, et al, 2001). Pertama, dengan telah ditinggalkannya sistem nilai tukar sebagai nominal anchor, diperlukan adanya anchor alternatif yang kredibel. Kedua, penerapan inflation targeting merupakan konsekuensi dari independensi Bank Indonesia dalam menjalankan kebijakan moneter yang difokuskan pada pengendalian inflasi.
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References
Alamsyah, H., Joseph, C., Agung, J., dan Zulverdy, D. (2001). Toward Implementation of Inflation Targeting in Indonesia. Bulletin of Indonesian Economic Studies, Dec.
Baumgartner, Josef and Ramana Ramaswamy (1996), Inflation Targeting in the United Kingdom: Information Content of Financial and Monetary Variables, IMF Working Paper, No.44.
Felman, J. (2000). Towards the Implementation of Inflation Targeting in Indonesia: Comments. Proceedings of an International Coneference on Monetary Policy and Inflation Targeting in Emerging Economies, Jakarta July 2000.
Friedman, Benjamin M. and Kenneth N. Kuttner (1992), Money, Income, Prices, and Interest Rates, The American Economic Review, pp. 472-492, June.
Friedman, Benjamin M.(1996), The Rise and Fall of Money Growth Targets As Guidelines for US Monetary Policy, NBER Working Paper, No.5465.
Tallman, Ellis W. and Naveen Chandra (1997), Financial Aggregates As Conditioning Information for Australian Output and Inflation, RBA Research Discussion Paper, No. 9704, Reserve Bank of Australia.
Baumgartner, Josef and Ramana Ramaswamy (1996), Inflation Targeting in the United Kingdom: Information Content of Financial and Monetary Variables, IMF Working Paper, No.44.
Felman, J. (2000). Towards the Implementation of Inflation Targeting in Indonesia: Comments. Proceedings of an International Coneference on Monetary Policy and Inflation Targeting in Emerging Economies, Jakarta July 2000.
Friedman, Benjamin M. and Kenneth N. Kuttner (1992), Money, Income, Prices, and Interest Rates, The American Economic Review, pp. 472-492, June.
Friedman, Benjamin M.(1996), The Rise and Fall of Money Growth Targets As Guidelines for US Monetary Policy, NBER Working Paper, No.5465.
Tallman, Ellis W. and Naveen Chandra (1997), Financial Aggregates As Conditioning Information for Australian Output and Inflation, RBA Research Discussion Paper, No. 9704, Reserve Bank of Australia.
Published
2004-12-15
How to Cite
Agung, J., Astiyah, S., Sukowati, E., Prastowo, N. J., Muttaqin, M., & Ismal, R. (2004). Identifikasi Variabel Informasi Dalam Framework Inflation Targeting. Buletin Ekonomi Moneter Dan Perbankan, 6(3), 59-77. https://doi.org/10.21098/bemp.v6i3.331
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Buletin Ekonomi Moneter dan Perbankan / Bulletin of Monetary Economics and Banking is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
