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"The inflation - growth relationship for the inflation targeters is estimated for the period 2001 - 2006. The results show that inflation is negatively correlated with economic growth, while the indicators for aggregate demand and supply are positively correlated with economic growth...."

"ABSTRAKRomer (1993) bahwa terdapat hubungan yang negatif antara keterbukaanperdagangan dengan inflasi. Untuk melihat konsistensi dari hubungan tersebut,nilai exchange rate pass-through (ERPT) yang telah diestimasi diikutsertakansebagai salah satu determinan penting untuk menjelaskan inflasi. Penelitian inimenggunakan data panel kuartalan yang bersifat unbalanced dari 6 (enam) negaraAsia terpilih pada kurun waktu 1994 sampai dengan 2013. Hasil regresi penelitianini menunjukkan bahwa terdapat hubungan yang negatif antara keterbukaanperdagangan dengan inflasi, tetapi hasil ini menjadi tidak signifikan ketika ERPTdimasukkan ke dalam persamaan regresi yang sama dengan keterbukaanperdagangan. Sementara itu, nilai ERPT selalu bersifat positif dan signifikandalam menjelaskan inflasi di setiap model regresi yang digunakan. Hasil empirisini membuktikan bahwa hipotesis Romer ditolak di negara-negara Asia danpergerakan nilai tukar terhadap harga impor bersifat penting untuk menjelaskankenaikan inflasi pada kawasan ini.

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ABSTRACTThis research tests the hypothesis first cited by Romer (1993) that there exists anegative relationship between trade openness and inflation. To verify theconsistency of the relationship sign, estimated values of exchange rate passthrough(ERPT) to import prices are taken into account as an importantdeterminant of inflation. This research examines the answer by employingunbalanced quarterly panel data in 6 (six) selected Asian countries under theperiod of 1994 to 2013. The result indicates that there exists a negativerelationship between trade openness and inflation; however, it becomes notsignificant when ERPT values are included in the same regression equation withtrade openness. On the other hand, ERPT is always positive and significant toexplain inflation in every regression model employed. The empirical resultconfirms the rejection of Romer?s hypothesis in Asian countries and thereforehighlights the importance of exchange rate movements towards import prices as afactor that brings inflationary effect within this region."

"The main purpose of this study is to identify determinant factors of regional inflation in the decentralized Indonesia. Inflation nowadays may spread widerly and more difficult to handle than in the past. This condition has created difficulties for the central bank to maintain targeted inflation. The study employs field surveys and econometric tools. The field surveys are conducted in six cities--Medan, Semarang, Surakarta, Palu, Banjarmasin, and Pontianak. It is found from the cross tabulation that regional inflation is significantly affected by the infrastructure condition in the corresponding regions. Aside from the infrastructure condition, the logistic analysis concludes that regional inflation is also affected by local regulations. However, infrastructure still has a larger effect on inflation. The econometric methodology use unit root and Engle-Granger cointegration tests to prove whether the purchasing power parity among regions holds. It is found that purchasing power parity does not hold for all regions. Another tool is the variance decomposition?it is used to determine whether regional inflation is dominantly monetary or non-monetary factors. This study found that non-monetary factors are main contributors to regional inflation. Pooled data estimation with fixed effect shows that inflation is significantly influenced by non-monetary factors--the growths of local government revenues, routine expenditures, and local transportation costs. Local government routine expenditures have the largest elasticity on inflation. "