1,720,992 research outputs found
Central Bank Policy Mix: Issues, Challenges, and Policy Responses
Full text linkThis is an open access book. This book is an integration of keynote speeches, lectures, and related teaching materials during the five years of the "Central Bank Policy Mix: Issues, Challenges and Policy Responses" flagship program of the BI Institute, the learning and research centre of Bank Indonesia. The book examines the interactions among central bank policies including monetary policy, exchange rate policy, macroprudential policy, and capital flow management and also elaborates on modeling issues and quantitative analysis of the interaction between macroeconomic variables and policy instruments
The Role of Islamic Economics and Finance in the Era of Digital Transformation, Sustainable Growth and Geopolitical Uncertainty
No full textThis paper is based on a keynote speech delivered at The 11th International Islamic Monetary Economics and Finance Conference (11th IIMEFC). As a keynote contribution, this article does not include a formal abstract
A REFLECTION OF SUSTAINABLE INCLUSIVE GROWTH POST-PANDEMIC AND THE CENTRAL BANK’S CHALLENGES BEYOND STABILITY
No full textLadies and Gentlemen, welcome to the 15th Bulletin of Monetary Economics and Banking (BMEB) International Conference and Call for Papers, 2-3 September 2021. As I recall from my speech at the 14th BMEB Conference in 2020, I am tremendously delighted to see the achievement of BMEB during the last few years. Moreover, since last year, the journal has been widely recognized as one of the most respected journals in Indonesia and the emerging market economies. Such recognition would surely not have been achieved without the BMEB’s role notably in providing outlets for outstanding research publications, and hence contributing to the ecosystem for competitive research both domestically and globally. I also recall mentioning last year that the COVID-19 pandemic calls for a reflection on the paths we have taken, to rethink our macroeconomy as we know it and put forward the practice of central banking in the New Normal. After over one and a half years of battling the pandemic, we have come to realize that this pandemic is unparalleled compared to other crises that we have experienced. The need for reflection has become ever more imminent as we look towards the horizon and ponder the recoveries needed in the face of this unprecedented, prolonged, and ironically, to some extent, recurrent pandemic.With that in mind, I am gratified to deliver my keynote address at this 15thBMEB International Conference
Promoting Inclusive and Sustainable Growth with Sharia Economy amid the Age of Digitalization and Global Uncertainty
Full text linkThis paper is based on a keynote speech delivered at The 10th International Islamic Monetary Economics and Finance Conference (10th IIMEFC). As a keynote contribution, this article does not include a formal abstract
RETHINKING MACROECONOMY AND CENTRAL BANKING IN THE NEW NORMAL
No full textSYNERGY OF ECONOMIC POLICIES AND INNOVATION IN DRIVING MOMENTUM FOR SUSTAINABLE GLOBAL ECONOMIC RECOVERY IN THE ERA OF DIGITAL TRANSFORMATIO
Resource adjustments, dynamic price responses, and research impacts in US agriculture, 1950-1982
No full textA multioutput model is developed within the dynamic duality of the adjustment cost theory to analyze resource adjustments, dynamic price responses, and research impacts in U.S. agriculture during the post-war period. The model is rich enough to incorporate both the slow adjustment nature of some farm resources and the role of public and private research in U.S. agriculture. The resource adjustments are investigated for automobiles/trucks, tractors, equipment, service structure, land, and labor. Using state-level data from 1950-1982, the results show that these inputs are best characterized as quasi-fixed inputs. The dynamic price responses and research impacts are analyzed for capital, land, labor, intermediate inputs, crop output, and livestock product. Price and research elasticities are classified into short-run or long-run and direct or indirect. The indirect effects are due to the slow adjustments of capital, land, and labor. The long-run elasticities measure the ultimate impacts of price and research changes when the adjustments of these quasi-fixed inputs have been completed. Differential effects of the existing and new technology from agricultural research are also analyzed. The robustness of the results to the specifications about price expectations and error autocorrelations is investigated.</p
EDITORIAL 18 BULLETIN OF MONETARY ECONOMICS AND BANKING (BMEB) INTERNATIONAL CONFERENCE AND CALL FOR PAPERS 2024
Full text link18 BULLETIN OF MONETARY ECONOMICS AND BANKING (BMEB) INTERNATIONAL CONFERENCE AND CALL FOR PAPERS 2024
POLICY INNOVATION IN A TURBULENT WORLD: EMBRACING DIGITALIZATION AND ARTIFICIAL INTELLIGENCE AMID GLOBAL UNCERTAINT
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