<p>This research scrutinizes the relationship between Love of Money (LOM), hedonic behavior and Islamic religiosity in pursuing life satisfaction in consumption. By utilizing accidental sampling method, the research then employed 99 customers who spent their money in one of the biggest department stores in Malang City. The calculation of data with SmartPLS-3.1.8 revealed that Islamic religiosity significantly affects live satisfaction (β = 0.290; ρ-value = 0.003). In the same time, LOM significantly influences hedonic behavior (β = 0.417; ρ-value = 0.000). However, hedonic behavior does not mediate the relationship between LOM and life satisfaction. This study accordingly concludes that Islamic religiosity plays a main role in consumption. Therefore, it is suggested that every Muslim have to instill Islamic religiosity in daily activities for obtaining life satisfaction.     </p><br /><p align="center"><strong><span style="font-size: medium;"> </span></strong></p><p><span style="font-size: medium;"><br /></span></p>

Hubungan kredibilitas bank sentral dan persistensi inflasi masih menjadi kontroversi, padahal kepastian hubungan ini sangat penting untuk merumuskan kebijakan anti inflasi yang tepat. Tujuan penelitian ini adalah untuk mengukur tingkat persistensi inflasi dan menguji dampak kredibilitas bank sentral terhadap persistensi inflasi di Indonesia sejak penerapan inflation targeting framework dengan menggunakan model New Keynesian Phillips Curve Hybrid. Hasil penelitian menunjukkan bahwa persistensi inflasi pada periode Full-Fledged Inflation Targeting (2006:1-2012:3) lebih rendah jika dibandingkan dengan periode Inflation Targeting Lite (2000:1-2005:4). Sementara itu, kredibilitas bank sentral berpengaruh secara signifikan terhadap persistensi inflasi pada saat Indonesia menerapkan Full-Fledged Inflation Targeting, sedangkan pada saat Indonesia masih menerapkan Inflation Targeting Lite, kredibilitas bank sentral tidak berpengaruh terhadap persistensi inflasi. Ini menunjukkan bahwa perilaku inflasi di Indonesia masih bersifat backward looking pada masa penerapan Inflation Targeting Lite dan berubah menjadi forward looking setelah mengadopsi Full-Fledged Inflation Targeting. Perubahan ini ada kaitannya dengan meningkatnya kredibilitas bank sentral pada periode Full-Fledged Inflation Targeting.

The expansion of e-commerce dramatically changes the spending patterns which are found a significant number of impulse buying. Practical method and easy way to buy specific goods from e-commerce might be an important factor why customers spent their money more impulsively. Researches on this phenomenon showed that psychological values emerged from religiusity condition and self-interest encouragement play as self-regulation for controlling impulsive buying behavior. Viewed from Islamic economic perspective, this study seeks to configurate self-interest (al-nafs) into three levels namely al-nafs al-ammarah, al-nafs al-lawwamah, and al-nafs al-muthmainnah when al-nafs involved in online impulse buying. The first two layers of al-nafs refer to the level of self-interest which are material oriented, whereas the last one represents the highest level of self-interest which is spiritual oriented. By employing 134 repondents from e-commerce customers in Jakarta, the research findings revealed that there was no relationship between religiusity and alnafs al-ammarah and al-nafs al-lawwamah. However, al-nafs al-ammarah and al-nafs al-lawwamah positively influenced impulse buying. Meanwhile, there was strong relationship between religiusity and al-nafs al-muthmainnah in which this highest level of self-interest did not have relationship with impulse buying. These research findings have important implications that in order to regulate impulsive buying behavior, customers should control their self-interest and make it to be alnafs al-muthmainnah.

The relationship between the credibility of the central bank and the persistence of inflation is still ambigous as this information is crucial in setting the appropriate policy for combating an inflation problem. The objective of this paper is to measure the rate of inflation persistence and to examine the importance of the credibility of the bank central on the persistence of inflation in Indonesia by using the New Keynesian Phillips Curve Hybrid. It is found that the persistence of inflation in the period

There has been a common picture in economic development that micro and small enterprises (MSEs) tend to conglomerate in various clusters for the sake of gaining location advantages. These MSEs then create inter-firm linkages and business strategies as the two play an important role in their performance. By taking selected manufacturing MSEs that operate in various small industrial clusters in East Java, Indonesia, this research examined the relationships between the inter-firm linkages and business strategies applied simultaneously by MSEs and their impacts on the firm's performance. Viewed from the perspective of a co-opetition strategy, the results of this study revealed that some types of inter-firm linkages and business strategies matter for the MSEs' performance. However, within small industrial clusters, inter-firm linkages seem to be less effective compared to business strategies in affecting a firm's performance. Abstrak:Terdapat sebuah gambaran umum dalam pembangunan ekonomi bahwa usaha mikro dan kecil (UMK) cenderung beraglomerasi di berbagai klaster agar dapat memeroleh manfaat lokasi dari aglomerasi usaha tersebut. Untuk alasan ini UMK kemudian menjadikan kaitan usaha antar perusahaan dan strategi bisnis sebagai instrumen yang penting dalam meningkatkan kinerja usaha. Dengan memilih UMK pengolahan yang beroperasi di berbagai klaster industri kecil di Jawa Timur, Indonesia, penelitian ini menguji hubungan antara kaitan usaha antar perusahaan dan strategi bisnis yang diterapkan secara simultan oleh UMK dan dampaknya terhadap kinerja perusahaan. Ditinjau dari sudut pandang strategi coopetition, penelitian ini mengungkapkan bahwa beberapa tipe dari kaitan usaha antar perusahaan dan strategi bisnis sangatlah penting bagi kinerja UMK. Namun demikian, dalam klaster industri kecil kaitan usaha antar perusahaan tampak kurang efektif dalam memengaruhi kinerja perusahaan jika dibandingkan dengan pengaruh strategi bisnis.