About this year’s lecture

The ANU Indonesia Project and LPEM FEB Universitas Indonesia, hosted the 20th Sadli Lecture on Wednesday, 5 May 2026 in Jakarta. This year’s Sadli Lecture is entitled Monetary and fiscal policies to support sustainable economic growth with improvement in its distribution and will be delivered by Professor (Emeritus) Soedradjad Djiwandono (Governor of Bank Indonesia from March 1993 – February 1998). Discussion will be given by Dr Lili Yan Ing (International Economic Association / IEA) and Dr Titik Anas (Universitas Padjadjaran).

Abstract:

Sadli Lecture Abstract

This study draws on first-hand experiences in central banking and public policy to examine the role of coordinated monetary and fiscal strategies in achieving sustainable economic growth with improved income distribution. It reflects on crisis management during periods of financial instability, emphasizing the central bank’s function as lender of last resort, the importance of decisive intervention, and the long-term benefits of maintaining financial sector discipline. These experiences demonstrate how institutional learning can strengthen resilience against future shocks. On the fiscal side, enhancing tax capacity and directing public expenditure toward productive and inclusive sectors are identified as critical for broad-based development. The analysis also highlights the importance of policy coordination, institutional credibility, and trust among policymakers and stakeholders. Additionally, the use of moral suasion is presented as a practical tool to mobilize cooperation across the public and private sectors. Overall, the study underscores that effective, experience-based policy coordination is essential for stable and inclusive economic development.