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INDONESIA
Jurnal Organisasi Dan Manajemen
Published by Universitas Terbuka
ISSN : 20859686     EISSN : 24429155     DOI : -
Merupakan media informasi dan komunikasi para praktisi, peneliti, dan akademisi yang berkecimpung dan menaruh minat serta perhatian pada pengembangan organisasi dan manajemen. Diterbitkan oleh Lembaga Penelitian dan Pengabdian kepada Masyarakat, Universitas Terbuka.
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Search results for , issue "Vol. 5 No. 2 (2009)" : 1 Documents clear
DAMPAK KEBIJAKAN FISKAL DAN MONETER DALAM PEREKONOMIAN INDONESIA: APLIKASI MODEL MUNDELL-FLEMING Teguh Santoso; Maruto Umar Basuki
Jurnal Organisasi dan Manajemen Vol. 5 No. 2 (2009)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (215.756 KB) | DOI: 10.33830/jom.v5i2.250.2009

Abstract

This study aims to analysis the impact of fiscal and monetary policy in Indonesian economy by using Mundell Fleming (IS-LM-BOP) model. The main objective of this paper is to see the impact of fiscal and monetary policy to Indonesia Gross Domestic Product (GDP). Indonesia as a small open economy with imperfectly capital mobility, so temporary thesis of the Mundell-Fleming model is that monetary policy more effective than fiscal policy in improving of the GDP, that caused by its crowding out effect yielded from expansive\ fiscal policy. A variant of the Mundell Fleming model for the Indonesian economy is constructed and analysed using the Two Stage Least Square Methods (2sls). The result of two stage least square estimation indicating that the impact of monetary policy with money supply(M2) instrument is more effective in improving GDP than fiscal policy with government expenditure instrument . This result is proved with influences which are positive and significant among money supply (M2) variable and GDP from demand side. However, goverment expenditure variables give positive effect but not significant to the GDP. These finding support the Hypothesis of model Mundell-Fleming

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