OPERASI PENGENDALIAN MONETER YANG BERBASIS SUKU BUNGA DALAM MENCAPAI SASARAN INFLASI

  • Doddy Zulverdi
  • Erwin Haryono
  • Wahyu Pratomo
  • Wahyu Agung Nugroho

Abstract

Beberapa penelitian yang telah dilakukan di Bank Indonesia menyimpulkan bahwa strategi kebijakan moneter berbasis pengendalian uang beredar (quantity targeting) telah semakin sulit diandalkan karena merenggangnya hubungan antara besaran-besaran moneter (uang beredar) dengan variabel-variabel ekonomi riil. Perenggangan hubungan itu dipicu terutama oleh inovasi instrumen-instrumen keuangan dan pergerakan modal antarnegara yang sangat cepat. Kenyataan tersebut mendorong munculnya pemikiran untuk mengembangkan strategi kebijakan moneter berbasis pengendalian suku bunga (interest rate targeting).

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Published
2003-10-11
Section
Articles