Deskripsi
Ringkasan:
Four blocks of macroeconomics:
- Real sector
- Fiscal sector
- Monetary sector
- External sector
Real Sector
NATIONAL Accounts (Gross Domestic Product/GDP) 3 measurement methods:
- Expenditures (demand side)
- Economic Sectors (supply side)
- Incomes (not released)
GDP’s measured by current price (economic structure) and by constant price (economic growth)
BPS (Indo stat. Agency) releases quarterly data
Fiscal Sector
Government Budget consists of:
- Revenues
- Expenditures
- Central Government
- Transfer to Local Government
- Financing
Ministry of Finance releases annual data
Monetary Sector
Monetary Sectors consists of:
- Central Bank
- M0 : base money (coin & paper money + cash in vault)
- Banking
- M1 : narrow money (M0+giro)
- M2 : broad money (M1+quasi money(time & saving deposits))
- Broad Money Table consists of:
- Autonomous factors (components) M2, M1
- Accomodating factors (affecting factors ) NFA, NDA (loans)
Central Bank releases monthly data
External Sector
Balance of Payments:
- A statistic recording economic transactions between residents in an economy (country) and non-residents (Rest Of the World/ROW).
- Non-resindent: those who stay in a country more than one year (length of stay) and centre of economic interest outside a country
Four Blocks interlinkages
In case Export & Import :
- External sectors – trade balance in current accounts
- Real sectors – trade balance in GDP by expenditures
- Fiscal sectors – revenues in government budget
- Monetary sectors – Net Foreign Assets (NFA)
In case External Loans:
- External sectors – other investments in financial accounts
- Real sectors – investment (GFCF) in GDP by expenditures
- Fiscal sectors – external financing in government budget
- Monetary sectors – Net Foreign Assets (NFA)
Macrocontrol
Keynesian identity function of national incomes:
Y = C (p+g) + I (p+g) + X – M
Y : national incomes
C: consumption (private & government)
I : investment (private & government)
X : export goods & services
M: import goods & services
Sources:
Real Sector
https://www.bi.go.id/id/statistik/seki/terkini/riil/Contents/Default.aspx
Fiscal Sector https://www.bi.go.id/id/statistik/seki/terkini/keuangan-pemerintah/Contents/Default.aspx
Monetary Sector https://www.bi.go.id/id/statistik/seki/terkini/moneter/Contents/Default.aspx
External Sector https://www.bi.go.id/id/statistik/seki/terkini/eksternal/Contents/Default.aspx
IMF https://www.imf.org/en/Capacity-Development/Training/ICDTC/Courses/FPP
