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All Journal Jurnal Ekonomi dan Pembangunan Indonesia Administratio : Jurnal Ilmiah Administrasi Publik dan Pembangunan
Fajar Bambang Hirawan
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Economics, Econometrics & Finance Other

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EFEKTIVITAS QUANTUM CHANNEL DALAM MEKANISME TRANSMIS! KEBIJAKAN MONETER: STUDI KASUS INDONESIA TAHUN 1993 -2005 Hirawan, Fajar Bambang
Jurnal Ekonomi dan Pembangunan Indonesia Vol 7, No 2 (2007): Januari
Publisher : Department of Economics-FEUI

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Abstract

In the year 2002, Y. V Reddy introduced a new thought in monetary economics theory, especially about transmission mechanism of monetary policy. Reddy classified the channeIs of transmission mechanism into three types, there are quantum channel, interest rate channel, and asset price channel. Quantum channel consists of two channels, there are money channel and credit channel. This research will examine the differences between money channel and credit channeI, the factors which affect volume of money supply (M2) and credit, the stability of quantum channel, and also effectiveness of quantum channel, especially related on its role to push the economic growth. This research uses a monthly data from the year 1993 until 2005. The analysis of this research divided into three parts of period, pre-crisis period (1993-1996), crisis period (19972OO1), and post-crisis period (2002-2005). In the precrisis period, credit channel more stable in transmission mechanism of monetary policy and more effective to push the economic growth. In the crisis, quantum channel did not effective to push economic growth. In the post-crisis period quantum channel also did not effective to push the economic growth.
ROAD-BASED PUBLIC TRANSPORTATION REFORM: COMPARATIVE STUDY BETWEEN SEOUL AND JAKARTA Nugrahaini, Fajar; Wijaya, Muhammad Ery; Hirawan, Fajar Bambang
Administratio Vol 10 No 2 (2019): Administratio : Jurnal Ilmiah Administrasi Publik dan Pembangunan
Publisher : Jurusan Ilmu Administrasi Publik, Universitas Lampung

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Abstract

In July 2004, the Seoul Metropolitan Government introduced a wide range of reforms to its public transport system: The most significant change Seoul considered while restructuring the bus system in 2004 was the implementation of a joint public management system. The partnership that formed between the Seoul government and private bus companies resulted in many benefits for everyone involved. The implementation of transportation reform helped Seoul establish a human-oriented transportation system as shown in the modal split of its public transport reaching 64.3% (2010), stepping up the city’s transportation and global competitiveness. Inspired by the success story of the bus reform policy in Seoul, Jakarta Capital Government initiated the bus reform in 2017. The implementation of the policy is challenging, the progress is very slow and the actors are blaming each other in causing the slowness. However, an early evaluation of the current progress of the bus reform policy in Jakarta is satisfying both users and operators. This paper will describe the public transport reforms in Seoul using a qualitative case study method, assess their impacts on Public Transport services based on the guidebook in evaluating the public transportation by Litman (2010), indicate the key success of the reform by deepening observations and to what extent Jakarta can adopt it. The research will also examine the bus reform policy in Jakarta using the stages of the policymaking process. The writer expected a result of finding significant steps of Seoul experience in public transport reform, describe the current policy in Jakarta’s bus reform and construct a package policy recommendation for DKI Jakarta’s government in public transport reform to optimize the impact of the policy.
EFEKTIVITAS QUANTUM CHANNEL DALAM MEKANISME TRANSMIS! KEBIJAKAN MONETER: STUDI KASUS INDONESIA TAHUN 1993 -2005 Hirawan, Fajar Bambang
Jurnal Ekonomi dan Pembangunan Indonesia Vol 7 No 2 (2007): Januari
Publisher : Department of Economics-FEB UI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (347.233 KB) | DOI: 10.21002/jepi.v7i2.162

Abstract

In the year 2002, Y. V Reddy introduced a new thought in monetary economics theory, especially about transmission mechanism of monetary policy. Reddy classified the channeIs of transmission mechanism into three types, there are quantum channel, interest rate channel, and asset price channel. Quantum channel consists of two channels, there are money channel and credit channel. This research will examine the differences between money channel and credit channeI, the factors which affect volume of money supply (M2) and credit, the stability of quantum channel, and also effectiveness of quantum channel, especially related on its role to push the economic growth. This research uses a monthly data from the year 1993 until 2005. The analysis of this research divided into three parts of period, pre-crisis period (1993-1996), crisis period (19972OO1), and post-crisis period (2002-2005). In the precrisis period, credit channel more stable in transmission mechanism of monetary policy and more effective to push the economic growth. In the crisis, quantum channel did not effective to push economic growth. In the post-crisis period quantum channel also did not effective to push the economic growth.
Co-Authors Muhammad Ery Wijaya Nugrahaini, Fajar