Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/298985 
Erscheinungsjahr: 
2020
Quellenangabe: 
[Journal:] Journal of Central Banking Theory and Practice [ISSN:] 2336-9205 [Volume:] 9 [Issue:] S1 [Year:] 2020 [Pages:] 215-235
Verlag: 
Sciendo, Warsaw
Zusammenfassung: 
This study investigates the determinants of Indonesian's business cycle using the global vector autoregressive (GVAR) approach, by including spillover responses within 33 countries with 2000 bootstrap replications. The results show that Indonesia's business cycle is influenced by both domestic and external factors. In addition to exogenous shocks from output, the dominant domestic factors are monetary policy and price competitiveness. The dominant external factors are global economic activity and liquidity conditions, particularly those originating from the Chinese economy. Spillovers from a number of economies appear to shape Indonesia's economic fluctuations. The paper discusses such relevant spillovers.
Schlagwörter: 
Business cycle
Trade relations
Global vector autogressive approach
JEL: 
E32
F44
E30
C22
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