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All Journal Signifikan : Jurnal Ilmu Ekonomi Economic Journal of Emerging Markets Sosiohumaniora Journal of Indonesian Economy and Business International Journal of Supply Chain Management
Siti Herni Rochana
Institut Teknologi Bandung, Bandung
Arts Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Engineering Environmental Science Industrial & Manufacturing Engineering Law, Crime, Criminology & Criminal Justice Social Sciences Transportation

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Journal : Economic Journal of Emerging Markets

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Measurement of the efficiency of monetary policy Eka Purwanda; Siti Herni Rochana
Economic Journal of Emerging Markets Volume 9 Issue 2, 2017
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol9.iss2.art3

Abstract

Since 2000, monetary policy in Indonesia started to use Inflation Targeting Framework (ITF). To evaluate the performance of the monetary policy, it requires efficiency indicators. The measurement of the efficiency of monetary policy is based on inflation and output variations. This paper formulates a method for measuring the efficiency of monetary policy and applies it in Indonesia. It finds that since the implementation of ITF, the efficiency of monetary policy has not changed significantly. However, the efficiency of monetary policy tends to increase after the full implementation of the ITF framework after 2005 than in the transition period of 2000-2005.
Co-Authors Asep Darmansyah B. Kombaitan Eka Purwanda Eka Purwanda Hamidah - Makbul, Yogi Nandan Limakrisna Sudrajati Ratnaningtyas