a new Keynesian dynamic stochastic general equilibrium (DSGE) model to study how an oil price shock impact macroeconomic … aggregates in an oil-rich emerging economy. We consider a positive oil price shock to uncover the extent to which oil price … oil price shock, reveal evidence of Dutch disease and the operation of the Harrod-Balassa-Samuelson effect. We find a …

in differences in Indonesia's economic responses due to the shock of world economic variables. The findings generated by … global contagion literature on Indonesia's economy focuses only on the effects of real shock (on output) due to financial … shock. We assert that the effect of global output on Indonesia macroeconomic conditions is a fairly relevant issue to be …