JEPI
Vol. 16, No. 2

Uji Empiris Mekanisme Transmisi Kebijakan Moneter: Interest Rate Pass-through Sektor Perbankan Indonesia

Wibowo, Buddi (Unknown)
Lazuardi, Eduardo (Unknown)

Article Info

Publish Date
01 Jan 2016

Abstract

Robust measurement of interest rates speed of adjustment to monetary policy changes is very important to obtain a comprehensive understanding on the monetary transmission process and the effectiveness of monetary policy. The speed of adjustment are determined by number of frictions that interfere with the transmission of monetary policy. We measure Indonesia interest rate pass-through which have distinct characteristics in terms of banking competition, segmented banking market and concentrated structure. Interest rate pass-through is measured by using Vector Error Correction Model (VECM) and Mean Adjusted Lags (MAL). This paper shows the interest rate adjustment did take a relatively long time.

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Journal Info
JEPI
Website

Abbrev

publication:jepi

Publisher

Universitas Indonesia

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi dan Pembangunan Indonesia (JEPI) has been published since 2000 by the Department of Economics, Faculty of Economics and Business Universitas Indonesia. The journal has been accredited B as a national academic journal based on the Decree of the Director General for Higher Education ...