Indonesia Model

  • Kazumi Kobayashi
  • Hasdungan Tampubolon
  • Mitsuo Ezaki
Conference paper


This chapter provides an econometric framework for the Indonesian economy for the period of 1969–1980. A major characteristic of the model lies in the attempt to integrate real and monetary sectors’ models and investigate the interactions between real and monetary phenomena in the recent Indonesian economy. The model for real sector is mainly based on national income accounting with some sectoral disaggregation. On the other hand, the model for monetary sector depends exclusively on the balance sheets of the monetary authorities and the deposit money banks as well as on their consolidation for the monetary system.


Money Supply Supply Function Price Determination Monetary Authority Real Sector 


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Copyright information

© Springer-Verlag Tokyo 1985

Authors and Affiliations

  • Kazumi Kobayashi
    • 1
  • Hasdungan Tampubolon
    • 2
  • Mitsuo Ezaki
    • 3
  1. 1.Department of EconomicsKyoto Sangyo UniversityKyotoJapan
  2. 2.BAPPENAS (National Development Planning Agency)JakartaIndonesia
  3. 3.The Center for Southeast Asian StudiesKyoto UniversityKyotoJapan

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