Despite external shocks, Indonesia has maintained creditworthiness through swift adjustment. Indonesia's flexible economic management and clear policy signals have lent stability to the economy, in contrast to the stop and go reforms, uncertainty, and constant debt renegotiations in many high debt countries. The authors use an econometrically estimated macroeconomic model to analyze open economy adjustment in Indonesia - particularly the interaction...
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INFORMATION
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1989/10/31
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Document de travail de recherche sur les politiques
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WPS291
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1
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1
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2010/07/01
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How can Indonesia maintain creditworthiness and noninflationary growth ?
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real exchange rate
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