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<![CDATA[DAMPAK PEMBIAYAAN DEFISIT ANGGARAN DENGAN UTANG LUAR NEGERI TERHADAP INFLASI DAN PERTUMBUHAN EKONOMI: Studi Kasus Indonesia Tahun 1970-2003 ]]>
<![CDATA[Waluyo, Joko]]>
<![CDATA[ Jurnal Ekonomi dan Pembangunan Indonesia Vol 7, No 1 (2006): Juli ]]>
Publisher : <![CDATA[Department of Economics-FEUI ]]>
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<![CDATA[The main purpose of this study is to find the effect of budget deficit with foreign loans as source of funding on inflation and economic growth. This study focuses on transmission mechanism of budget deficit funding effects on inflation and economic growth. We use a specific simultaneous macroeconomic model which includes 17 behavioral equations and 18 identity equations with 6 blocks in this study, Two Stage Least Square (TSLS) method is employed to estimate the behavioral equations in the model. This study use Indonesia secondary economic data from 1970 to 2003. Econometric tests are performed to produce BLUE estimator. This study also use stochastic simulation with 10000 replications to simulate policy.The results show that using foreign loan to fund budget deficit increases both economic growth and inflation. This result is also supported by the simulation results which show that increase in the proceeds of new foreign loan increases reserves which in turn increase primary money/money supply/monetary base. Interaction of monetary base with money multiplier then increases price level. increase in capital in flow from increase in foreign loan increases government spending which also increases government spending increases in the government spending then add to government capital stock so that economic growth also increases.]]>
<![CDATA[PERANAN VARIABEL EKONOMI MAKRO TERHADAP INFLASI PASCAPENERAPAN INFLATION TARGETING FRAMEWORK (ITF) 1 DI INDONESIA TAHUN 1999.1-2008.6 ]]>
<![CDATA[Waluyo, Joko]]>;
<![CDATA[Ulfah, Ria]]>
<![CDATA[ Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 11, No 1 (2010): JEP Juni 2010 ]]>
Publisher : <![CDATA[Universitas Muhammdaiyah Surakarta ]]>
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<![CDATA[The objective of this research is to analyze the effect of macroeconomics variable, which is real exchange rate, SBI, M1 and GDP to domestic inflation in Inflation Targeting Framework. This research also intended to analyze effect of macroeconomics to inflation, which been transmitted through interest rate and will give us a big picture on whatâs the next monetary policies. We used monthly time series data 1999:01â2008:06 and applied Vector Error Correction Model to analyze the phenomenon. Real exchange rate, SBI (quarterly), M1 and GDP have positive effect to the inflation, but only real exchange rate and SBI (quarterly) which has permanent and long term effect. The real exchange rate has strong effect on inflation stability because, by applying ITF. The free-floating exchange rate system should be applied, and the fragile currency shall be easily fluctuated.]]>
<![CDATA[PENGARUH PEMBIAYAAN DEFISIT ANGGARAN TERHADAP INFLASI DAN PERTUMBUHAN EKONOMI: SUATU SIMULASI MODEL EKONOMI MAKRO INDONESIA 1970 – 2003 ]]>
<![CDATA[Waluyo, Joko]]>
<![CDATA[ KINERJA Vol 10, No 1 (2006): Kinerja ]]>
Publisher : <![CDATA[Faculty of Economics Universitas Atma Jaya Yogyakarta ]]>
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DOI: 10.24002/kinerja.v10i1.915
<![CDATA[The objective of this research is to identify the impact of budget deficit financing oninflation and economic growth. Simulation are conducted using the small open macroeconomics model specified by Waluyo (2005) with 10.000 replication on the stochastic simulation. Using the secondary data of the Indonesian economy from 1970 to 2003, simulation results show that budget deficit financing from foreign debt and monetary policies would increase the economic growth, but inflationary. On the other hand, tax effort policies are considered to be better, since simulation results show that they would improve economic growth without being inflationary.Keywords: budget deficit, macroeconomic model, economic growth, simulation]]>
<![CDATA[PERANAN PAJAK UNTUK MENINGKATKAN KEMANDIRIAN ANGGARAN ]]>
<![CDATA[Waluyo, Joko]]>
<![CDATA[ Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 10, No 2 (2009): JEP Desember 2009 ]]>
Publisher : <![CDATA[Universitas Muhammdaiyah Surakarta ]]>
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DOI: 10.23917/jep.v10i2.798
<![CDATA[The main subject of this paper are the role of tax revenue to central government budget and how reforms it to increase tax revenue. Financing budget deficits represent one of cause of state budget become annoyed. Ratio tax - PDB ranging from 13 â 15 percent showing good improvement, although still not yet optimal. Ratio tax â revenue and tax - expenditure progressively mount which indication that important taxation role progressively in budget revenue sources. In year of the research showing by change of tax structure from oil tax become the non oil tax, and also from indirect tax become to the direct taxes. Role of direct taxes progressively mount in taxation structure. Tax effort indicator and elasticity of tax revenue indicate that the good imposition efficiency progressively. To increase tax revenue without giving distortion to economics require to be conducted by a taxation reform.]]>
<![CDATA[PERANAN VARIABEL EKONOMI MAKRO TERHADAP INFLASI PASCAPENERAPAN INFLATION TARGETING FRAMEWORK (ITF) 1 DI INDONESIA TAHUN 1999.1-2008.6 ]]>
<![CDATA[Waluyo, Joko]]>;
<![CDATA[Ulfah, Ria]]>
<![CDATA[ Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 11, No 1 (2010): JEP Juni 2010 ]]>
Publisher : <![CDATA[Universitas Muhammdaiyah Surakarta ]]>
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DOI: 10.23917/jep.v11i1.334
<![CDATA[The objective of this research is to analyze the effect of macroeconomics variable, which is real exchange rate, SBI, M1 and GDP to domestic inflation in Inflation Targeting Framework. This research also intended to analyze effect of macroeconomics to inflation, which been transmitted through interest rate and will give us a big picture on whatâs the next monetary policies. We used monthly time series data 1999:01â2008:06 and applied Vector Error Correction Model to analyze the phenomenon. Real exchange rate, SBI (quarterly), M1 and GDP have positive effect to the inflation, but only real exchange rate and SBI (quarterly) which has permanent and long term effect. The real exchange rate has strong effect on inflation stability because, by applying ITF. The free-floating exchange rate system should be applied, and the fragile currency shall be easily fluctuated.]]>
<![CDATA[ANALISIS CROWDING OUT EFFECT PENERBITAN OBLIGASINEGARA: STUDIKASUS PEREKONOMIAN INDONESIA PERIODE 1970 - 2003 ]]>
<![CDATA[Waluyo, Joko]]>
<![CDATA[ Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 7, No 1 (2006) : JEP Juni 2006 ]]>
Publisher : <![CDATA[Universitas Muhammdaiyah Surakarta ]]>
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DOI: 10.23917/jep.v7i1.3994
<![CDATA[The main subject of this research are to proof what issuing government bonds give impact to crowding out effect for private investment. The research design used simultaneous equation modeling, consisting of 17 behavioral equation and 18 identity equation with 6 blocks. Behavioral equation with estimated by tsls (two stage least square). This study use secondary data from Indonesian economy since 1970 until 2003. The econometric test to result BLUE estimator. The Result is issuing government bonds dont cause crowding out effect to private investment.]]>
<![CDATA[DAMPAK PEMBIAYAAN DEFISIT ANGGARAN DENGAN UTANG LUAR NEGERI TERHADAP INFLASI DAN PERTUMBUHAN EKONOMI: Studi Kasus Indonesia Tahun 1970-2003 ]]>
<![CDATA[Waluyo, Joko]]>
<![CDATA[ Jurnal Ekonomi dan Pembangunan Indonesia Vol 7 No 1 (2006): Juli ]]>
Publisher : <![CDATA[Department of Economics-FEB UI ]]>
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DOI: 10.21002/jepi.v7i1.148
<![CDATA[The main purpose of this study is to find the effect of budget deficit with foreign loans as source of funding on inflation and economic growth. This study focuses on transmission mechanism of budget deficit funding effects on inflation and economic growth. We use a specific simultaneous macroeconomic model which includes 17 behavioral equations and 18 identity equations with 6 blocks in this study, Two Stage Least Square (TSLS) method is employed to estimate the behavioral equations in the model. This study use Indonesia secondary economic data from 1970 to 2003. Econometric tests are performed to produce BLUE estimator. This study also use stochastic simulation with 10000 replications to simulate policy.The results show that using foreign loan to fund budget deficit increases both economic growth and inflation. This result is also supported by the simulation results which show that increase in the proceeds of new foreign loan increases reserves which in turn increase primary money/money supply/monetary base. Interaction of monetary base with money multiplier then increases price level. increase in capital in flow from increase in foreign loan increases government spending which also increases government spending increases in the government spending then add to government capital stock so that economic growth also increases.]]>
<![CDATA[Hubungan Antara Tingkat Kesenjangan Pendapatan dengan Pertumbuhan Ekonomi: Suatu Studi Lintas Negara ]]>
<![CDATA[Joko Waluyo]]>
<![CDATA[ Economic Journal of Emerging Markets Vol. 9 No. 1 (2004) ]]>
Publisher : <![CDATA[Universitas Islam Indonesia ]]>
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DOI: 10.20885/vol9iss1aa621
<![CDATA[This major topic in this study is relationships between income inequality and economic growth. The study will examine the relationships between income inequality and growth via investment impact to redistribution,. This model spefisification from endogenous growth model with capital market imperfection exist, in notation with single equation linier model. Data from Deininger data base, cross section data for 60 countries. We estimate this regression model with OLS with Newey-West HAC standard error and fulfill CLRM assumption. This result are: a) The relationships income inequality, asset inequality with growth are negative and significant. b) Investment does not have positive impact with income redistribution, but give impact to increase resource allocation efficiency. Keywords: Income inequolity, economic growth, capital market imperfection.]]>
<![CDATA[PENGARUH PEMBIAYAAN DEFISIT ANGGARAN TERHADAP INFLASI DAN PERTUMBUHAN EKONOMI: SUATU SIMULASI MODEL EKONOMI MAKRO INDONESIA 1970 – 2003 ]]>
<![CDATA[Joko Waluyo]]>
<![CDATA[ KINERJA Vol. 10 No. 1 (2006): Kinerja ]]>
Publisher : <![CDATA[Faculty of Business and Economics Universitas Atma Jaya Yogyakarta ]]>
Show Abstract
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Original Source
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Check in Google Scholar
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DOI: 10.24002/kinerja.v10i1.915
<![CDATA[The objective of this research is to identify the impact of budget deficit financing oninflation and economic growth. Simulation are conducted using the small open macroeconomics model specified by Waluyo (2005) with 10.000 replication on the stochastic simulation. Using the secondary data of the Indonesian economy from 1970 to 2003, simulation results show that budget deficit financing from foreign debt and monetary policies would increase the economic growth, but inflationary. On the other hand, tax effort policies are considered to be better, since simulation results show that they would improve economic growth without being inflationary.Keywords: budget deficit, macroeconomic model, economic growth, simulation]]>
<![CDATA[PERANAN PAJAK UNTUK MENINGKATKAN KEMANDIRIAN ANGGARAN ]]>
<![CDATA[Joko Waluyo]]>
<![CDATA[ Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 10, No 2 (2009): JEP Desember 2009 ]]>
Publisher : <![CDATA[Muhammadiyah University Press ]]>
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DOI: 10.23917/jep.v10i2.798
<![CDATA[The main subject of this paper are the role of tax revenue to central government budget and how reforms it to increase tax revenue. Financing budget deficits represent one of cause of state budget become annoyed. Ratio tax - PDB ranging from 13 – 15 percent showing good improvement, although still not yet optimal. Ratio tax – revenue and tax - expenditure progressively mount which indication that important taxation role progressively in budget revenue sources. In year of the research showing by change of tax structure from oil tax become the non oil tax, and also from indirect tax become to the direct taxes. Role of direct taxes progressively mount in taxation structure. Tax effort indicator and elasticity of tax revenue indicate that the good imposition efficiency progressively. To increase tax revenue without giving distortion to economics require to be conducted by a taxation reform.]]>
