Expansionary Fiscal Policy in the form of Deficit Fiscal is still being debated due to differences in views regarding the effect of budget deficits. The Ricardian Equivalence disciple argues that Deficit Fiscal Policy has a neutral impact on consumption. In contrast, Non-Ricardians (Keynesian and Neoclassical) argue that Budget Deficit Policy affects Private Consumption. Government policies affect private consumption through deficit fiscal policies such as budget deficits, government spending, taxes, and government debt. This study analyzes the effect of the fiscal deficit on consumption and observes the existence of the Ricardian Equivalence View in Indonesia. The estimation model used is the Vector Error Correction Model (VECM) through IRF and VD testing with time series data from 1980-2018. The results showed that the Budget Deficit Policy had a significant positive effect on private consumption, where the Fiscal Deficit shock was responded positively by Private Consumption. So that the Ricardian view does not apply in Indonesia and is more inclined to the Keynesian view. The positive response continues in the long term permanently, where 58.42% of the variation in the formation of the Private Consumption indicator (in period 10), is a Budget Deficit.

The challenge of business ethics today is the problem of justice and sustainability. In the same time justice and sustainability have become the global trends in economic fora when people get together in academic seminars and other public discussions try to seek resolution about doing the right thing on the right place in the right time regarding economic crisis that we as society face in day to day experience. Increasing income inequality expands in size and scale that to some extent calls for the government intervention into markets on behalf of conditioning well-being of the whole society.  On the one hand, there are challenges brought in societies by business that orient to price equilibrium when markets operate in the absence of external coercions such as reallocations, tax, and market operations. In order to be considered efficient market, business in the marketplace set aside the economic policy that favors the government intervention. On the other hand, there are trends in responding to the self-interest market by arguing ethically on values and principles of justice and sustainability in which economic policy that favors the government intervention is considered necessary. The aim of this paper is to shed lights to business ethics education in the school of economics and business to encapsulate the theory of economic welfare in its curriculum management and types of teaching through which young people are well-prepared to have good reasons in decision-making processes in dealing business in the marketplace. The requirement of good reasons is reflected in decision-making both as integrity and social responsibility. Decision-making that reflects integrity and social responsibility characterize the quality of ethical conducts. Therefore, business ethics education requires a theory that grounds economic welfare on the insight that economy is for the greater good of all human beings. This theory of economic welfare needs a reconstructive method to uncover the insight of justice and sustainability.

Problems with data processing and analysis capabilities often hinder lecturers and students in producing research work. Likewise, employees in the financial sector perform data processing in order to support their tasks, namely being able to analyze data into strategic information for the company. The problem solving is carried out by the Master of Applied Economics Study Program, Faculty of Economics and Business, Atma Jaya Catholic University of Indonesia, Jakarta, by organizing a Quantitative and Qualitative Data Analysis Workshop for students, lecturers,  and financial practitioners. The activity starts from July 19 to August 19, 2022. Learning media is held online through Zoom Meetings. The participants of this activity are lecturers and students from various institutions/universities throughout Indonesia, from the University of North Sumatra to the University of Ottow Geissler Papua, as well as from practitioners of financial institutions. The number of applicants for this Data Analysis Training is 558 participants.  Workshop material is an introduction to regression analysis & multivariate modeling (data stationarity,ARDL, ECM, cointegration), univariate modeling (ARMA / ARIMA), Volatility modeling (GARCH), Logistics Regression Analysis, VAR, Panel Data Analysis, data analysis with R Studio, Multivariate statistical analysis (PCA, Discriminant, Cluster Analysis) and path analysis (Path Analysis). Based on the evaluation of the participants, this workshop is very useful for them and it is hoped that there will be a follow-up workshop

The Economic crisis has impacted the disruption of the stability of a country's financial system, including ASEAN countries. In Indonesia, there is a Financial System Stability Committee (KSSK) whose duties are to coordinate monitoring and maintaining financial system stability. KSSK has the authority to set the criteria and indicators for assessing financial system stability conditions concerning the financial system's stability. The second authority is to evaluate the condition of financial system stability based on input from each member of the Financial System Stability Committee, along with supporting data and information. As an economic area with history, ASEAN countries certainly have a relationship, either strong or weak. This study conducted calculations of the financial stability index (Aggregate Financial Stability Index) built from the Morris framework (2010) consisting of sub-index Financial Development Index, Financial Vulnerability Index, Financial Soundness Index, World Economic Climate Index. The calculation results showed that in ASEAN 6, there were fluctuations in financial stability, and there were variations in the correlation of financial stability. Therefore, improving the financial stability in Indonesia needs to consider the existence of financial stability in other countries.