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

Munkhorim Misanam ()

Economic Journal of Emerging Markets, 1997, vol. 2, issue 2, 120-133

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.

Date: 1997
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journal.uii.ac.id/JEP/article/view/6793/6237 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uii:journl:v:2:y:1997:i:2:p:120-133:id:6793

Access Statistics for this article

Economic Journal of Emerging Markets is currently edited by Ana Yuliani

More articles in Economic Journal of Emerging Markets from Universitas Islam Indonesia
Bibliographic data for series maintained by Ana Yuliani ().