(This guide is only available in English.)
Kiki Verico
Abstract:
This paper utilizes the timeframe of 2014–2018 as the period with some of the global underperformed macroeconomic indicators. This paper found that in late 2016, Indonesia's macroeconomic indicators started showing some improvements that kept the real and monetary sector's equilibrium to be stable. This paper observes the external balance of current account, exchange rate stability, inflation and interest rate as well as consumption patterns, saving-investment gap, fiscal discipline and fiscal sustainability. It analyzes the government expenditure multiplier, real and monetary sector stability and institutional coordination between fiscal authority, monetary authority, and financial service authority. Real sector improvements which have been rolling since 2017 have significantly contributed to Indonesia's recent macroeconomic stability. Technically, if all on the track, this will sustain during the upcoming political year of 2019.
