References
- ABDUROHMAN. (2013). The Behavior of Fiscal Policy in Indonesia in Response to Economic Cycle: A Comparison with other ASEAN Countries. Paper presented in the 23rd PRSCO and the 4th IRSA Institute, July, 2-4, Bandung.
- ABO-ZAID, S. and TÜZEMEN, D. (2012). Inflation Targeting: A Three-Decade Perspective. Journal of Policy Modeling, 34(5). pp. 621-45.
- AFONSO, A., AGNELLO, L., and FURCERI, D. (2010). Fiscal Policy Responsiveness, Persistence, and Discretion. Public Choice, 145(3). pp. 503-30.
- AIZENMAN, J. and MARION, N. (1993). Policy Uncertainty, Persistence, and Growth. Review of International Economics, 1(2). pp. 145-63.
- AKITOBY, B. et al. (2006). Public Spending, Voracity, and Wagner's Law in Developing Countries. European Journal of Political Economy, 22(4). pp. 908-24.
- ARTHA, I.K.D.S. (2007). Interaction of Monetary and Fiscal Policy in Developing Countries. Unpublished Thesis, Faculty of Economics, University of Indonesia, Jakarta.
- ASIAN DEVELOPMENT BANK. (2010). Asian Development Outlook, Part 2, Macroeconomic Management beyond the Crisis. Asian Development Bank, Manila.
- BARRO, R.J. (1974). Are Government Bonds Net Wealth? Journal of Political Economy, 82(6). pp. 1095-117.
- BARRO, R.J. and GORDON, D.B. (1983). Rules, Discretion, and Reputation in a Model of Monetary Policy. Journal of Monetary Economics, 12(1). pp. 101-21.
- BAXTER, M. (1985). The Role of Expectations in Stabilization Policy, Journal of Monetary Economics, 15, pp. 343-62.
- BLANCHARD, O. and PEROTTI, R. (2002). An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output. Quarterly Journal of Economics, 117(4), November. pp. 1329-68.
- BLINDER, A. (2004). The Case against the Case against Discretionary Fiscal Policy. Center for Economic Policy Studies, Princeton University, June.
- BLÖNDAL, J.R., HAWKESWORTH, I., and CHOI, H. (2009). Budgeting in Indonesia. OECD Journal on Budgeting, 2009/2.
- BOVA, E., CARCENAC, N. and GUERGUIL, M. (2014). Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World, IMF Working Paper, WP/14/122, July.
- CANZONERI, M.B., CUMBY, R.E., and DIBA. B.T., (2002). Should the European Central Bank and the Federal Reserve be Concerned about Fiscal Policy? Proceeding of a Conference on Rethinking Stabilization Policy, Federal Reserve Bank of Kansas City, Jackson Hole. pp. 333-89.
- CLARK, C.S. (2011). What is 'Credible' Fiscal Policy? The Canadian Experience, 1983-2010: The View of a Former Practitioner, in New Directions for Intelligent Government in Canada: Papers in Honor of Ian Stewart, Centre for the Study of Living Standards, pp. 101-26.
- COCHRANE, J. (1998). A Frictionless View of US Inflation. In B. Bernake and J. Rotemberg. (eds), NBER Macroeconomics Annual. pp. 323-84.
- COCHRANE, J. (2001). Long Term Debt and Optimal Policy in the Fiscal Theory of the Price Level. Econometrica, 69(1). pp. 69-116.
- COMBES, J., DEBRUN, X., MINEA, A., and TAPSOBA, R. (2014). Inflation Targeting and Fiscal Rules: Do Interactions and Sequencing Matter? IMF Working Paper WP/14/89, May.
- DE BROUWER, G.J., RAMAYANDI, A., and TURVEY, D. (2006). Macroeconomic Linkages and Regional Monetary Cooperation: Steps Ahead. Asian Economic Policy Review, 1(2). pp. 284-301.
- FATÁS, A. and MIHOV, I. (2003). The Case for Restricting Fiscal Policy Discretion. Quarterly Journal of Economics, 118(4). pp. 1419-47.
- FATÁS, A. and MIHOV, I. (2006). The Macroeconomic Effects of Fiscal Rules in the US States. Journal of Public Economics, 90(1-2). pp. 101-17.
- FREEDMAN, C. and ÖTKER-ROBE, I. (2010). Important Elements Inflation Targeting for Emerging Economies. IMF Working Paper, WP10-113.
- GALÍ, J. (1994). Government Size and Macroeconomic Stability. European Economic Review, 38, January. pp. 117-32.
- GILL, H. (2011). State of the Art of Inflation Targeting. Centre for Central Banking Studies Handbook No. 29, London: Bank of England.
- HAUNER, D., JONÁŠ, J. and KUMAR, M.S. (2007). Policy Credibility and Sovereign Credit: the Case of the new EU Member States, IMF Working Paper WP07/1.
- HERMAWAN, D. and MUNRO, A. (2008). Monetary-Fiscal Interaction in Indonesia. BIS Working Paper, January, draft.
- HSING, Y. (2008). Is the Monetary Policy Rule Responsive to Exchange Rate Changes? The case of Indonesia, Malaysia, the Philippines, and Thailand. International Review of Economics, 56(2). pp. 123-32.
- HUR, S., MALLICK, S., and PARK, D. (2010). Fiscal Policy and Crowding Out in Developing Asia. ADB Economics Working Paper Series, No. 222, September.
- IMF. (2013). Fiscal Rules Dataset 1985-2013. IMF Fiscal Affairs Department, September.
- JUHRO, S.M. (2008). The Optimal Monetary Policy Response in Indonesia: The State- Contingent Rule? Bulletin of Monetary Economics and Banking, 10(4), April. pp. 303-36.
- KADRIA, M. and BEN-AISSA, M.S. (2014). Implementation of Inflation Targeting and Budget Deficit Performance in Emerging Countries: A Treatment Effect Evaluation. Journal of Applied Business Research, 30(4). pp. 1077-90.
- KOPITS, G. (2001). Fiscal Rules: Useful Policy Framework or Unnecessary Ornaments? IMF Working Paper, WP/01/145.
- KUNCORO, H. and SEBAYANG, K.D.A. (2013). The Dynamic Interaction between Monetary and Fiscal Policies in Indonesia. Romanian Journal of Fiscal Policy, 4(6), January-June. pp. 47-66
- KYDLAND, F.E. and PRESCOTT, E.C. (1977). Rules Rather than Discretion: The Inconsistency of Optimal Plans. Journal of Political Economy, 85(1). pp. 473-91.
- LANE, P.R. (2003). The Cyclical Behavior of Fiscal Policy: Evidence from the OECD. Journal of Public Economics, 87(12). pp. 2661-75.
- LEEPER, E.M. (1991). Equilibria under ‘Active’ and ‘Passive’ Monetary and Fiscal Policies. Journal of Monetary Economics, 27(1), February. pp. 129-47.
- LUCOTTE, Y. (2012). Adoption of Inflation Targeting and Tax Revenue Performance in Emerging Market Economies: An Empirical Investigation. Economic Systems, 36(4). pp. 609-28.
- MIHALJEK, D. (2009). The Financial Turmoil in Central and Eastern Europe and Fiscal Policy in Croatia. Occasional publication of Institute of Public Finance, No.40, May 2009.
- MINEA, A. and TAPSOBA, R. (2014). Does Inflation Targeting Improve Fiscal Discipline? Journal of International Money and Finance, 40. pp. 185-203.
- MINEA, A., TAPSOBA, R., and VILLIEU, P. (2012). Can Inflation Targeting Promote Institutional Quality in Developing Countries? University of Orleans, mimeo.
- MINEA, A. and VILLIEU, P. (2010). Financial Development, Institutional Quality, and Maximizing-Growth Trade-Off in Government Finance. Economic Modelling, 27(1), January. pp. 324-35.
- MOCHTAR, F. (2004). Fiscal and Monetary Policy Interaction: Evidences and Implication for Inflation Targeting in Indonesia. Bulletin of Monetary Economics and Banking, 7(3), December. pp. 359-86.
- NAERT, F. (2011). Credibility of Fiscal Policies and Independent Fiscal Bodies. Review of Business and Economic Literature, 56(3). pp. 288-309. RAMAYANDI, A. (2007). Approximating Monetary Policy: Case Study for the ASEAN-5. Working Papers in Economics and Development Studies (WoPEDS) 200707.
- RIYANDI, G. (2012). Meta-Analysis of Money Demand in Indonesia. Bulletin of Monetary Economics and Banking, 15(1), July. pp. 41-61.
- ROGER, S. (2009). Inflation Targeting at 20: Achievements and Challenges. IMF Working Paper, WP09-236.
- ROGOFF, K.S. (2008). Inflation Is Now the Lesser Evil. Project Syndicate, December, http://www.project-syndicate.org/commentary/rogoff51/English.
- ROTHER, P.C. (2004). Fiscal Policy and Inflation Volatility. European Central Bank Working Paper, No. 317.
- SACCHI, A. and SALOTTI, S. (2014). The Impact of National Fiscal Rules on the Stabilization Function of Fiscal Policy. MPRA Working Paper No. 56982, University Library of Munich, Germany.
- SARGENT, T.J. and WALLACE, N. (1981). Some Unpleasant Monetarist Arithmetic. Federal Reserve Bank of Minneapolis Quarterly Review, 5. pp. 1-17.
- SCOTT, R. (2010). Inflation Targeting Turns 20. Finance & Development, 47(1). pp. 46-9.
- SIMS, C. (1994). A Simple Model for Study of the Price Level and the Interaction of Monetary and Fiscal Policy. Economic Theory, 4. pp. 381-99.
- SIMS, C. (2004). Limits to Inflation Targeting. In B.S. Bernanke and M. Woodford. (Edt), The Inflation-Targeting Debate, NBER University of Chicago Press. pp. 283-309.
- SNYDER, W. (1985). The Budget Impact on Economic Growth and Stability in Indonesia. Ekonomi dan Keuangan Indonesia, 33(2), July. pp. 21-34.
- STOIAN, A. (2012). How Vulnerable is Fiscal Policy in Central and Eastern European Countries? Romanian Journal of Fiscal Policy, 3(2), July-December, pp. 68-81.
- TANG, H.C., LIU, P., and CHEUNG, E.C. (2010). Changing Impact of Fiscal Policy on Selected ASEAN Countries. ADB Working Paper Series on Regional Economic Integration No. 70, December.
- WIMANDA, E.R., TURNER, P.M., and HALL, M.J.B. (2011). Expectations and the Inertia of Inflation: The Case of Indonesia. Journal of Policy Modeling, 33(3). pp. 426-38.
- WOODFORD, M. (1994). Monetary Policy and Price Level Determinacy in a Cash-in- Advance Economy. Economic Theory, 4. pp. 345-80.
- WOODFORD, M. (1998). Doing without Money: Controlling Inflation in a Post- Monetary World. Review of Economic Dynamics, 1. pp. 173-219.
Language: English
Page range: 137 - 156
Published on: Jul 16, 2015
Published by: Mendel University in Brno
In partnership with: Paradigm Publishing Services
Keywords:
Related subjects:
© 2015 Haryo Kuncoro, published by Mendel University in Brno
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.
