Why Indonesia Must Recover Faster
"When all else fails, nasi padang prevails". I know this expression is exaggerated. An economic stimulus is perhaps similar to nasi padang (Minang-style rice with various side dishes).
President Joko Widodo held a meeting with ministers and Coordination Task Force for Covid-19, Doni Monardo at the Merdeka Palace, Jakarta, Monday (20/7/2020). The meeting discussed the formation of the Covid-19 Handling Committee and the National Economic Recovery.
"When all else fails, nasi padang prevails". I know this expression is exaggerated. An economic stimulus is perhaps similar to nasi padang (Minang-style rice with various side dishes). It saves the day when our efforts have failed. However, like nasi padang, it can cause health problems, especially if we eat too much of it.
Economic stimulus generally has the same character, such as the quantitative easing (QE) provided by the United States Federal Reserve (Fed). As We know, the Fed implemented a QE policy to save the economy through the purchase of long-term securities from the market. This resulted in an increase in liquidity and bond prices but a decline in yields.