Ari, Hidayah Dhini
Bank Indonesia

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THE GENERAL EQUILIBRIUM MODEL OF BANK INDONESIA (GEMBI) Joseph, Charles PR; Dewandaru, Janu; Ari, Hidayah Dhini
Buletin Ekonomi Moneter dan Perbankan Vol 3 No 3 (2000): DECEMBER 2000
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/bemp.v3i3.298

Abstract

Sampai saat ini Bank Indonesia telah memiliki model makro ekonometrik yang cukup paripurna seperti MODBI. Model makro seperti MODBI tersebut bersifat statik dan sangat berguna bagi kepentingan proyeksi makro jangka pendek. Namun, berdasarkan beberapa alasan fundamental model ekonometrik tersebut secara teoritis tidak dapat dipakai sebagai alat penunjuk arah gerak dinamis dari berbagai variable makro jangka menengah dan panjang. Untuk itu suatu model makro yang dinamis (dynamic macro model) yang digenerate dengan data artifisial (artificial generated data) yang bersifat random telah dikembangkan dan diberi nama General Equilibrium Model of Bank Indonesia (GEMBI).
APAKAH PERKEMBANGAN FINANSIAL MEREDAM ATAU MEMPERBESAR DAMPAK SUATU KEJUTAN? Permata, Meily Ika; Ibrahim, Ibrahim; Ari, Hidayah Dhini
Buletin Ekonomi Moneter dan Perbankan Vol 14 No 2 (2011): OCTOBER 2011
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/bemp.v14i2.459

Abstract

This paper analyzes the role of financial development on economic output in Indonesia. Using vector autoregressive method, the results confirm the positive impact of financial development on output growth. The interaction between the financial development and the shock either in financial or real sector shows that the financial development has a positive role to dampen the negative impact of the shock on the output growth, while strengthen the positive one. Another variable on the model, which significantly affect the output growth are excess money, term of trade, and the price. Compare to these variables, the marginal effect of financial development on output is smaller. JEL Classification : E44, O16Keywords : Financial development, shock, output volatility, VAR
DOES FINANCIAL DEVELOPMENT ABSORB OR AMPLIFY THE SHOCK? Permata, Meily Ika; Ibrahim, Ibrahim; Ari, Hidayah Dhini
Buletin Ekonomi Moneter dan Perbankan Vol 14 No 2 (2011): OCTOBER 2011
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/bemp.v14i2.81

Abstract

This paper analyzes the role of financial development on economic output in Indonesia. Using vector autoregressive method, the results confirm the positive impact of financial development on output growth. The interaction between the financial development and the shock either in financial or real sector shows that the financial development has a positive role to dampen the negative impact of the shock on the output growth, while strengthen the positive one. Another variable on the model, which significantly affect the output growth are excess money, term of trade, and the price. Compare to these variables, the marginal effect of financial development on output is smaller.JEL Classification : E44, O16Keywords : Financial development, shock, output volatility, VAR