Vol. 1 / No. 1 / Published : 2000-04
Original Article :
Analisis pengaruh pertumbuhan jumlah uang beredar yang tidak terantisipasi terhadap pertumbuhan uang, harga dan output riil:analisis pada saat krisis ekonomi indonesia 1997–1999
This research was conducted to investigate the effect of anticipated money supply to real output, money and price growth. As analyze in economy crisis in Indonesia, data which were used in this research are as long as middle of 1997 and the end of June 1999, that we obtain from another relevant institution. We analyze it with ordinary least square for money supply model and two stages least square for price, monetary and real output model. The result of this study are there are that anticipated money supply affect to money and price growth, but is not significant with real output growth. Its showing that R. J. Barro model with assumed that money supply significant with real output if anticipated, rejected and just happened in stabilized economics, which indicated growth of inflation under two digit.In suggestion, it is important for government to change their policy, which supposed that inflation caused from money supply. In this study result that caused of inflation are structural condition of developing countries and also rigidity of price. Rate and exchange rate transmissions become prior decision to control inflation.
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