Abstract
In the economic literature, the relationship between the growth and inflation has been discussed in different ways with respect to the development stages of the world economy. According to the current view, there is a negative relationship between growth and inflation. This seems to be compatible with the fact that the investments and the economic growth have been negatively affected by the high and chronic inflation rates. Thus, improvement of the long-run growth potential depends on the elimination of the uncertainties that stems from high inflation rates. Developments in commodity, service, and financial markets necessitate the countries to perceive the world as a global market.
The countries (or provinces in our study now) that appraise this process of decentralizations could improve their living standards economically and socially if and only if they manage inflation well hence the economic cost and social cost both are minimize for sustainable growth in each province.
References
Banco, The Inflation in Spain, Documento de Trabajo ed 004.
Barro, R.J, Inflation and Economic Growth, Bank of England, Quarterly, 1996.
Barro, R.J, Determinants of Economic Growth: A Cross Country Empirical Study, NBER Working paper No. 5698, August.
Di Grigorio, J, The Effect of Inflation on Economics Growth: Lesson from Latin America, EER (European Economic Review), 1992.
Ercel, Gazy, The Inflation and Growth in Turkey, Central Bank of the Republic of Turkey, 1999.
Eviews, User’s Guide, Quantitative Macrosoftware, United States, 1994.
Falianty, Telisa Aulia, Agregat Moneter sebagai Sasaran Kebijakan Moneter di Indonesia, Skripsi, FEUI, 2000.
Fischer, S, The Role of Macroeconomics Factor in Growth, JME, 32, 1993.
Friedman, M, Inflation and Unemployment, JPE, June 1977.
Frederick S. Mishkin, Understanding Financial Crises: A Developing Countries Perspective, IBRD Report, 1997.
Fry, Maxwell, J, Money Interest and Banking in Economic Development, The John Hopkins University Press, Baltimore, USA, 1995.
International Financial Statistics, beberapa penerbitan.
Judge, George, Introduction to the Theory and Practice of Econometrics, WIE, Willey, 1981.
Nasution, Anwar, Materi kuliah Seminar Ekonomi Ekonomi Uang dan Bank dan Ekonomi Moneter 2, FEUI.
Okuda, Hidenobu. 1993, The Banking System and Monetary Aggregates Following Financial (Sector Reforms, UNU/WIDER.
Statistik Ekonomi Indonesia, beberapa penerbitan.
William Scarth, Advanced Macroeconomics dalam materi kuliah Dr. Ari Kuncoro, FEUI 2001, Horcouth Brace Jovanovich.
Syahrial, Syarif, Data-Data Regional.
Recommended Citation
Rozaq, Ibrahim Kholilul Rohman Havid; Soekardjono, Satria Utama; and Mahfudz, Nurkholis
(2002)
"Manajemen lnflasi Indonesia Menuju Optimalitas Growth Ekonomi Nasional,"
Jurnal Ekonomi dan Pembangunan Indonesia: Vol. 3:
No.
1, Article 4.
DOI: 10.7454/jepi.v3i1.2324
pp.41-68
Available at:
https://scholarhub.ui.ac.id/jepi/vol3/iss1/4
