Abdullah Usman
Abstracts: Indonesian economic crisis since 1998 rises question whether
fiscal and monetary policy can be the intruments to stabilise national
ekonomi. This paper discusses some reasons and condition faced by
Indonesia which can be perceived as explanation of the happening. The
complication of the case involving the rate of exchange, buble economy,
monetary portofolios, money market, capital market cause the economic
situation is not easy to solve. Using literatures and theorethical frame of
thinking and supported by empirical phenomenon, the author comes to the
comclusion that fiscal and monetary policy are less effective to stabilise
the economy for this condition.
Keywords : Fiscal, monetary, policy, macroeconomics
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