PERAN STIMULUS FISKAL DAN PELONGGARAN MONETER PADA PEREKONOMIAN INDONESIA SELAMA KRISIS FINANSIAL GLOBAL : DENGAN PENDEKATAN FINANCIAL COMPUTABLE GENERAL EQUILIBRIUM
Author(s) -
Iskandar Simorangkir,
Justina Adamanti
Publication year - 2010
Publication title -
deleted journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 4
ISSN - 1410-8046
DOI - 10.21098/bemp.v13i2.259
Subject(s) - economics , stimulus (psychology) , monetary economics , fiscal policy , fiscal multiplier , computable general equilibrium , monetary policy , interest rate , recession , international economics , government spending , macroeconomics , market economy , welfare , psychology , psychotherapist
Global financial crisis started in mid 2008 has reduced global economic growth, and many countries even experienced economic contraction. To deal with economic contraction, various economic policies have been undertaken. Governments have increased fiscal stimulus through increasing expenditure and lowering tax while central banks have cut policy rates substantially. In some countries interest rates even reach zero or close to zero. Similar to many other countries, Indonesia has also undertaken expansionary policies, namely increasing fiscal stimulus and lowering interest rates.
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