rate, +the controlling of money supply, +done by government, -done by central bank, +strong in concept, and -strong in action.
The semantic component of monetary policy is -the adding government output, -the decreasing of the government income tax,
+the stabilizing of economy activity, +the overcoming of unemployment, +the overcoming of inflation, +the stabilizing of
interest rate, +the controlling of money supply, -done by government, +done by central bank, +strong in concept, and +strong in action.
2. The Semantic Field of Economy Problem
There are two terms that include into semantic field of financial problem. These terms are inflation and deflation. These terms can be
found in two articles as follows:
a. Paragraph V in “A Crisis that Stumps the Experts” Article on
April 25, 2013
In determining what is a sustainable level of government debt, or wether central banks should focus on anything other than
inflation, or what should be done to prevent further bubbles from
destabilizing economies, he argued “we are still very much navigating by sight”
b. Paragraph V in “Breaking with History, Japan Makes Bold Bid
to End Deflation ” Article on April 5, 2013
The drastic turn in Japanese monetary policy could open up new chapter in the country‟s economic history, for years defined by what
critics said was a halfhearted battle to end deflation
— the damaging fall in prices, profits and wages that has weighed on its economic
growth. Then, the term inflation and deflation will be analyzed by using
componential analysis like on the table as follows:
Table 5 : “The Componential Analysis from Semantic Field of
Economy Problem ”
63
the incr
ea sin
g of mon ey
suppl y
the de
cr ea
sing o f mone
y suppl
y
the incr
ea sing o
f th e prod
uc t pric
e
the de
cr ea
sing o f the
p ro
duc t pric
e
the incr
ea sing o
f p roduc
t de
mand
the de
cr ea
sing o f pr
odu ct
de mand
the incr
ea sing o
f p roduc
t suppl
y
the de
cr ea
sing o f pr
odu ct
suppl y
the i
nc re
asing o f so
ciety income
the de
cr ea
sing of
soci ety
income
the de cr
ea sing
of pr
odu ct
ion quantit y
ca n ove
rc ome une
mpl oy
ment
ca n be
ov erc
ome by fisc
al pol icy
ca n be
ov erc
ome by mon etar
y poli cy
Inflation +
- +
- -
+ -
+ -
+ +
+ +
+ Deflation
- +
- +
+ -
+ -
+ -
- +
- -
Table 5 explains that the semantic component of inflation is +the increasing of money supply, -the decreasing of money supply, +the
increasing of the product price, -the decreasing of the product price, - the increasing of product demand, +the decreasing of product demand,
63
Iskandar Putong. Economics : pengantar makro dan mikro. Jakarta : Mitra Wacana Media. 2007. p. 72
-the increasing of product supply, +the decreasing of product supply, -the increasing of society income, +the decreasing of society income,
+can overcome unemployment, +can be overcome by fiscal policy, and +can be overcome by monetary policy.
The semantic component of deflation is +the increasing of money supply, -the decreasing of money supply, +the increasing of the
product price, -the decreasing of the product price, -the increasing of product demand, +the decreasing of product demand, -the increasing
of product supply, +the decreasing of product supply, -the increasing of society income, +the decreasing of society income, +can overcome
unemployment, +can be overcome by fiscal policy, and +can be overcome by monetary policy.
3. Semantic Field of Joining of Company
