Monetary aggregation and the p-star model of inflation in Indonesia

This study aims to examine an empirical evaluation of the Divisia monetary aggregates that is relative to the traditional simple sum aggregates in Indonesia from 1990:1 to 2005:4. The performance of these aggregates wastested using the Augmented Dickey-Fuller unit root...

全面介紹

Saved in:
書目詳細資料
主要作者: Sangeetha Premilla, Dayani.
格式: Final Year Project Report
語言:English
出版: UNIMAS 2009
主題:
在線閱讀:http://ir.unimas.my/id/eprint/7075/4/Sangeetha%28fulltext%29.pdf
http://ir.unimas.my/id/eprint/7075/
標簽: 添加標簽
沒有標簽, 成為第一個標記此記錄!
實物特徵
總結:This study aims to examine an empirical evaluation of the Divisia monetary aggregates that is relative to the traditional simple sum aggregates in Indonesia from 1990:1 to 2005:4. The performance of these aggregates wastested using the Augmented Dickey-Fuller unit root test, Johansen cointegration test and error-correction model. In addition, the information provided by the monetary aggregates as predictors of inflation was examined. Here, the P-Star model of inflation was adapted to examine the performance of the D ivisia monetary aggregates as an information provider in predicting future inflation against the traditional simple sum. The macroeconomic elements that influence inflation in this study includereal GDP, price, interest rate, currency in circulation and money. The results indicate that the Divisia M2 acts as a superior predictor compared to the other monetary aggregates that were used in predicting the future inflation in Indonesia.