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BukuA hybrid model of new Keynesian Phillips Curve: An application in Indonesia (Journal of Economics, Business, and Accountancy Ventura)
Bibliografi
Author: Hervino, Aloysius Deno
Topik: Hybrid Model; New Keynesian Phillips Curve; Inflation; and Output Gap.
Bahasa: (EN )    Edisi: Vol. 18, No. 3, December    
Penerbit: Penerbit Universitas Atma Jaya Jakarta     Tempat Terbit: Jakarta    Tahun Terbit: 2015    
Jenis: Article - diterbitkan di jurnal ilmiah internasional
Fulltext: Aloysius Deno Hervino - A Hybrid Model of New Keynesian Phillips Curve An Application in Indonesia.pdf (207.91KB; 0 download)
Abstract
This study attempts to prove whether inflation dynamics in Indonesia can be ex-plained by the hybrid model of New Keynesian Phillips Curve (NKPC). Output gap variable and dummy variable are also incorporated in this study as the external shock of the increase in fuel oil prices in 2004. By using a steady state model, it can be concluded that inflation dynamics in Indonesia could be explained by the hybrid model of NKPC. The variable of forward looking has significant effect on inflation dynamics, but the variable of inflationary pressure (output gap) has no significant effect on inflation dynamics. In addition, the increase in fuel oil prices in 2004 also gives pressure on the inflation rate, but when interacting with the variable of infla-tion (backward and forward), it even reduces its pressure on the inflation rate.
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