Citation
Habibullah, Muzafar Shah
(1998)
Divisia money and income in Indonesia: some results from error-correction models, 1981:1-1994:4.
Applied Economics Letters, 5 (6).
pp. 387-391.
ISSN 1350-4851; ESSN: 1466-4291
Abstract
The purpose of the present study is to provide alternatives to the monetary aggregates currently defined and published by Bank of Indonesia. The alternative monetary aggregate proposed is the Divisia aggregate which is an appropriate measurement for the monetary services of a country. In this paper we investigate the long-run relationship between income and Divisia aggregate together with its counterpart-the conventional simple-sum aggregate for the period 1981:1 to 1994:4. Using the cointegration and error-correction framework, our results indicate that there is potential role for the Divisia monetary aggregate as a useful intermediate indicator in the conduct of monetary policy in Indonesia.
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| DOI Number: | https://doi.org/10.1080/135048598354771 |
| Publisher: | Routledge |
| Keywords: | Divisia aggregate; Indonesia; Income; Monetary services |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 06 Sep 2017 07:54 |
| Last Modified: | 06 Sep 2017 07:54 |
| Altmetrics: | http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1080/135048598354771 |
| URI: | http://psasir.upm.edu.my/id/eprint/51787 |
| Statistic Details: | View Download Statistic |
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