Jurnal Abdi Ilmu
Vol 10 No 1 (2017): JURNAL ILMIAH ABDI ILMU

TRANSMISI KEBIJAKAN MONETER MELALUI JALUR KURS NEGARA EMERGING MARKET

Ade Novalina (Unknown)



Article Info

Publish Date
05 Jul 2018

Abstract

This study aims to analyze the contribution of the variables of interaction variable monetary policy transmission (EX, GDP, INV, EXCHANGE, INF). This study uses secondary data or time series of the first quarter of 2000 to the first quarter of 20114. The model of data analysis in this study is a model Autoregression Vector (VAR) and sharpened by analyzing Impulse Response Function (IRF) and the Forecast Error Variance Decomposition (FEVD ). The results of the analysis of VAR indicate that the variable past (t-1) contribute to the variable now well on the variable itself and other variables and of the estimation results turned out to have a mutual relationship between the variables in which all the variables of variable monetary policy transmission (EX, GDP, INV , EXCHANGE, INF) contribute to each other. The results of the analysis of IRF is known that the stability of the response of all variables are formed in the period of five or medium-term and long-term, where the response of other variables to change one variable show different variations both positive response to negative or vice versa, and there are variables that responya remain positive or remain negative on the short term to long term. Analysis FEVD shows the variables that contributed most to the variable itself both in the short, medium and long term as EX, INF, GDP, INV, EXCHANGE, while the other variables that have the greatest influence on the variable itself in the short term, medium and long term is the largest EXCHANGE influenced by INF, INV biggest influenced by EXCHANGE, the largest EX influenced by GDP. The results of the analysis of the interaction of monetary and fiscal policy to macroeconomic stability indicates that the transmission of monetary policy is effective in keeping inflation and macroeconomic stability in Indonesia.

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Journal Info

Abbrev

abdiilmu

Publisher

Subject

Biochemistry, Genetics & Molecular Biology Chemical Engineering, Chemistry & Bioengineering Education Engineering Other

Description

Jurnal Abdi Ilmu adalah media publikasi Kajian Konseptual dan praktis berupa Telaah Teoretis maupun hasil-hasil penelitian empiris yang membahas diberbagai bidang disiplin ilmu. Redaksi mengundang para akademisi, peneliti dan praktisi dari berbagai bidang disiplin ilmu untuk mengirimkan naskah yang ...