Economic Journal of Emerging Markets
Vol. 2 No. 2 (1997)

Non-netralitas kebijakan moneter: Pengujian atas pandangan ekonomi makro klasik baru

Munkhorim Misanam (Fakultas Ekonomi, Universitas Islam Indonesia, Yogyakarta)

Article Info

Publish Date
14 Nov 2016

Abstract

Rational Expectation (Ratex) Hypothesis has been widely spread, even became the foundation of Neo Classic though. But the validity of this hypothesis is still being debated. Since the hypothesis has a serious implication, in neutrality of economic policy, more investigation is important to do. This article evaluates whether the hypothesis is contextual to Indonesian economy or not. By taking note of the last development of the model and using two different money scale, i.e. Ml and M2, it finds an indication that rationality and neutrality are not shown in Indonesian economy, it means monetary policy has an effect on real variable in the economy.

Copyrights © 1997




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Journal Info
Economic Journal of Emerging Markets
Website

Abbrev

JEP

Publisher

Universitas Islam Indonesia

Subject

Economics, Econometrics & Finance

Description

The Economic Journal of Emerging Markets (EJEM) is a peer-reviewed journal which provides a forum for scientific works pertaining to emerging market economies. Published every April and October, this journal welcomes original research papers on all aspects of economic development issues. The journal ...