Explaining chronic inflation in Indonesia
分析印度尼西亚长期慢性通胀的原因，指出基础货币过度增长是主因，并建议以单一基础货币增长率目标来控制通胀。
This paper describes and analyses Indonesia's frustrating experience with chronic inflation, and demonstrates that the cause of continuing moderately high inflation is excessive growth of base money. It examines the central bank's current target growth rates for narrow and broad money and bank lending, and argues instead in favour of a single target rate for base money as the key to bringing inflation under control.