Economic Journal of Emerging Markets
Volume 12 Issue 1, 2007

Kejutan Pertumbuhan Nilai Tukar Riil Terhadap Inflasi, Pertumbuhan Output, dan Pertumbuhan Neraca Transaksi Berjalan di Indonesia

Darwanto Darwanto (Unknown)

Article Info

Publish Date
23 Jun 2009

Abstract

This paper examines the effect of real exchange rate growth shock on the Indonesia economic performance by considering quarterly data of inflation, output growth and current account growth. We use the estimated impulse response functions and variance decomposition of VAR model to investigate the response of Indonesia macroeconomic to real exchange rate growth shock. The empirical evidence indicates that fluctuation of real exchange rate growth shock effects inflation and output growth, but it can not affect current account growth. Moreover, the results from the analyses suggest that the real exchange rate depreciations is contractionary that contrary to classical wisdom.Keywords: VAR, impulse response function, variance decomposition.

Copyrights © 2007




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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 ...