Dampak Fluktuasi Nilai Tukar Rupiah Terhadap Output dan Harga: Perbandingan Dua Rezim Nilai Tukar  

Oleh:

Husman, Jardine A.

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Bulletin of Monetary Economics and Banking (ex: Buletin Ekonomi Moneter dan Perbankan) vol. 10 no. 1 (Jul. 2007), page 3-22.
Topik: Exchange Rate; Anticipated vs. Unanticipated Depreciation; Supply vs. Demand Channels
Fulltext: 2. Jardine A.Husman (3-22).pdf (115.57KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: BB62.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This paper analyzes the impact of exchange rate fluctuation on the output and price in two different regimes. The model employed distinguishes four difeerent sources of impacts on the output and price namely the anticipated and the un-anticipated exchange rate movement, the aggregate demand and the aggregate supply shock. The result confirms the impact of the exchange rate regime switch on how the exchange rate influences the output. The net impact of Rupiah depreciation will expand the output, indiating dominance of the aggregate the demand shock through the comprititve adavantage than the aggregate supply shock through import price effect. The regime switch also alters the effectiveness of the monetary and the fiscal policy on the output. The magnitude of monetary and fiscal policy is much larger than the exchange rate impact on the ouput both managed and the free floating regime.

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