THE GLOBAL CRISIS IMPACT ON INDONESIA REGIONAL ECONOMY

Authors

Andry Prasmuko
Donni Fajar Anugrah

Document Type

Article

Abstract

This paper discusses the impact of global financial crisis to the Indonesia’s economy by using the simultaneous macro model approach. The analysis and simulation results of such model show that the impact of the global financial crisis is dominantly distributed through the trade line, which decreases the regional output. To the components of aggregate demand, the movement of exchange rate has major effect to the exports and imports, whereas to the consumption and investment, it gives relatively small effect. The impact of external shock, which causes the depreciation of Rupiah, is relatively small to the increase of inflation.JEL classification: C32, E44Keywords : Financial crisis, simultaneous model, Indonesia.

Recommended Citation

Prasmuko, Andry and Anugrah, Donni Fajar (2010) "THE GLOBAL CRISIS IMPACT ON INDONESIA REGIONAL ECONOMY," Bulletin of Monetary Economics and Banking: Vol. 12: No. 3, Article 1.
DOI: https://doi.org/10.21098/bemp.v12i3.376
Available at: https://bulletin.bmeb-bi.org/bmeb/vol12/iss3/1

First Page

349

Last Page

382

Creative Commons License

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

Country

Indonesia

Affiliation

Bank Indonesia