HUBUNGAN TINGKAT PERTUMBUHAN UANG TERHADAP PENDAPATAN SEIGNIORAGE DI INDONESIA, 2000:Q1 � 2013:Q1
The goal of this paper is to analyze relationship between money growth rate and seigniorage in Indonesia, in the period the first quarter of 2000 until the first quarter of 2013. The research based on Autoregressive Distributed Lag Error Correction Model (ARDL-ECM). The analysis reveals that, seigni...
| Main Authors: | , |
|---|---|
| Format: | Thesis |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2014
|
| Subjects: |
| Summary: | The goal of this paper is to analyze relationship between money growth rate and seigniorage in Indonesia, in the period the first quarter of 2000 until the first quarter of 2013. The research based on Autoregressive Distributed Lag Error Correction Model (ARDL-ECM). The analysis reveals that, seigniorage in Indonesia are in the upward slopping side of Laffer Curve, that shows the seigniorage is never exceed the maximum one. It is caused by the short-run money demands are lower than the long-run ones. |
|---|