Open AccessINTERNALISASI SEKTOR PERBANKAN DALAM MODEL DSGE
Author(s) -
Harmanta Harmanta,
Nur M. Adhi Purwanto,
Fajar Oktiyanto
Publication year - 2014
Publication title -
deleted journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 4
ISSN - 2460-9196
DOI - 10.21098/bemp.v17i1.43
Subject(s) - dynamic stochastic general equilibrium , monetary policy , collateral , economics , shock (circulatory) , capital (architecture) , monetary economics , loan , financial sector , loan to value ratio , interest rate , small open economy , financial system , macroeconomics , finance , medicine , archaeology , history , mortgage insurance , casualty insurance , insurance policy
We build DSGE model for small open economy with financial friction in the form of collateral constrain on banking sector, designed for Indonesian economy. The constructed model is capable to simulate the monetary policy (Bank Indonesia rate) and macroprudential policy (reserve requirement, capital adequacy ratio – CAR, and loan to value – LTV). By internalizing banking sector into the model, this model also enable us to simulate the impact of any shock originated from banking sector. Keywords: monetary policy, DSGE with banking sector, macroprudential policy JEL Classification: E32, E44, E52, E58