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220928 ||| eng |
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|a 9781513545646
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| 100 |
1 |
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|a Ahokpossi, Calixte
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| 245 |
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|a The Impact of Monetary Policy Communication in an Emerging Economy: The Case of Indonesia
|c Calixte Ahokpossi, Agnes Isnawangsih, Md. Shah Naoaj, Ting Yan
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2020
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| 300 |
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|a 29 pages
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| 651 |
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4 |
|a Indonesia
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| 653 |
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|a Money market
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Interest rates
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| 653 |
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|a Revenue administration
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| 653 |
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|a Monetary policy communication
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Banks and banking
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| 653 |
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|a Monetary economics
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| 653 |
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|a Financial services
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Monetary policy frameworks
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| 653 |
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|a General Financial Markets: General (includes Measurement and Data)
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| 653 |
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|a Mortgages
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| 653 |
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|a Financial markets
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| 653 |
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|a Taxation, Subsidies, and Revenue: General
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Money markets
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| 653 |
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|a Financial Markets and the Macroeconomy
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| 653 |
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|a Monetary policy
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| 653 |
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|a Banking
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| 653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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| 653 |
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|a Central Banks and Their Policies
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| 653 |
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|a Public Finance
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Communications in revenue administration
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Finance: General
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| 653 |
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|a Revenue
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| 653 |
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|a Central bank policy rate
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| 700 |
1 |
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|a Isnawangsih, Agnes
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| 700 |
1 |
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|a Naoaj, Md. Shah
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| 700 |
1 |
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|a Yan, Ting
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
5 |
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|a 10.5089/9781513545646.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2020/109/001.2020.issue-109-en.xml?cid=49459-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a Since the adoption of the inflation targeting framework by Bank Indonesia (BI), monetary policy communication has played an increasingly important role in BI’s policy toolkit. This paper assesses BI’s monetary policy communication from three perspectives: i) its transparency and clarity, ii) its ability to align market expectation and BI’s policy decisions (predictability), and iii) its impact on financial markets. In particular, we assess the impact of BI’s monetary policy practices by focusing on its monetary policy press releases and monetary policy reports. The results show that Bank Indonesia has made significant progress in the transparency of its communication as well as in the institutional framework to support this. Nonetheless, the results also suggest ways in which the impact of communication can be further improved, including by strengthening the clarity of policy messages, its consistency with the policy framework and the depth of the money market
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