LPEM FEBUI Quarterly Economic Outlook 2015 Q3

Febrio Kacaribu (), Alvin Ulido Lumbanraja and Faradina Alifia Maizar
Additional contact information
Febrio Kacaribu: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)
Alvin Ulido Lumbanraja: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)
Faradina Alifia Maizar: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)

No 201503, LPEM FEBUI Quarterly Economic Outlook from LPEM, Faculty of Economics and Business, University of Indonesia

Abstract: After years of high commodity prices since mid-2000s and, subsequently, quantitative easing policies in developed economies on an unprecedented scale, Indonesia—along with the rest of emerging markets—became complacent and failed to enact badly-needed structural reforms. It is therefore unsurprising when simultaneous episodes of China's decelerating growth, early signs of monetary policy tightening in the US, and commodity price slump hurt exports significantly and put strains on Rupiah. BI's mandate to stabilize exchange rate limit policy tools to maintain growth during episode of global slowdown leaves Indonesia with little room to support economic growth. The series of policy shocks by People's Bank of China—culminated in Q3 2015—that exacerbate global turmoil kicked the post-boom hangover into full swing, marked by Rupiah depreciation to 14,800 in October.

Keywords: gdp; —; economic; quarterly; —; economic; outlook; —; inflation; —; macroeconomics (search for similar items in EconPapers)
Date: 2015-03, Revised 2015-03
References: Add references at CitEc
Citations:

Downloads: (external link)
http://lpem.org/repec/lpe/queouts/IEO201503.pdf First version, 2015 (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:lpe:queout:201503

Access Statistics for this paper

More papers in LPEM FEBUI Quarterly Economic Outlook from LPEM, Faculty of Economics and Business, University of Indonesia Contact information at EDIRC.
Bibliographic data for series maintained by Bintoro Seto ().