Rahutami, Angelina Ika (2007) Komunikasi Bank Indonesia : Tantangan di Masa Kerentanan Ekonomi. In: Lomba Penulisan Artikel Kebijakan Moneter dengan Tema : "Komunikasi dan Efektivitas Kebijakan Moneter Bank Indonesia", 2007. (Unpublished)
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Abstract
In the past, the communication practices of central banks could best be illustrated as ambiguous thus giving rise to a certain mystique nearby their actions. In contrast, communication today is considered to be an essential and vital part of modern central bank policy making. Today, there is a general compromise among central bankers that transparency is not only a responsibility for a public entity, but also a real benefit to the institution and its policies. Communication is also an important element in promotion the effectiveness of monetary policy. Bank Indonesia use BI rate as a response stance and operational target of monetary policy. Bank Indonesia communicates their policy through publication of monetary framework, economic outlook and inflation target regularly. Monetary policy communication practices are not easy because there are asymmetric information, knowledge heterogeneity, and uncertainty problem that make economic agents cannot predict and expect economy accurately. Three main problems of BI communication path are (i) ensuring data reliability, (ii) uncertainty and vulnerability economic condition, and (iii) no policy rate path. Monetary policy communication path needs interaction between BI and economic agents. Mass media can take a position as communication bridge between them. The better monetary policy communication can educate public and make BI more predictable and credible.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | 300 Social Sciences > 330 Economics > Inflation 300 Social Sciences > 330 Economics > Macroeconomics |
| Depositing User: | Mrs Angelina Ika Rahutami |
| Date Deposited: | 19 May 2017 11:33 |
| Last Modified: | 19 May 2017 11:33 |
| URI: | http://repository.unika.ac.id/id/eprint/14289 |
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