Forecasting Inflation in Indonesia

Uma Ramakrishnan and Athanasios Vamvakidis

No 2002/111, IMF Working Papers from International Monetary Fund

Abstract: A reliable inflation-forecasting model is central for a sound monetary policy framework. In this paper, we study the domestic and international transmission effects on inflation in Indonesia and analyze the possible leading indicators of inflation. We identify the exchange rate, foreign inflation, and monetary growth as the main variables with a significant predictive power for inflation in Indonesia.

Keywords: WP; exchange rate; inflation model; consumer price index; Indonesia; inflation forecasting; consumer price inflation; inflation determinant; inflation index; inflation effect; inflation process; Inflation; Monetary base; Exchange rates; Consumer prices; Consumer price indexes (search for similar items in EconPapers)
Pages: 23
Date: 2002-06-01
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Citations: View citations in EconPapers (8)

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