Central Bank Policy Mix: Key Concepts and Indonesia’s Experience

Perry Warjiyo ()
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Perry Warjiyo: Bank Indonesia

Chapter Chapter 1 in Central Bank Policy Mix: Issues, Challenges, and Policy Responses, 2022, pp 3-16 from Springer

Abstract: Abstract Central banks’ mandates cannot merely be to achieve price stability; they should be enlarged to include promoting financial system stability. To achieve this dual mandate, central banks are advised to formulate and implement a policy mixPolicy Mix of interest rate policy, combined with exchange rate policyExchange rate policy, capital flow managementCapital flow management as well as macro prudential policy. This policy mixPolicy Mix should be further complemented with strong coordination and communication.

Keywords: Central bank policy; Policy mix; Bank Indonesia; Global financial crisis (GFC) (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-981-16-6827-2_1

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