Do bond markets find inflation targets credible? Evidence from five inflation-targeting countries

Kim, Young Min; Kang, Kwi Young; Ka, Kook

doi:10.1016/j.iref.2019.12.007

Cited by 5 publications

(2 citation statements)

References 26 publications

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“…Oleh karena itu, sejak tahun 2005 Bank Indonesia menerapkan kerangka kebijakan moneter yang menggunakan inflasi sebagai sasaran utama kebijakan moneter atau dikenal dengan Inflation Targeting Framework (ITF). Kim et al (2020) Penerapan Inflation Targeting Framework (ITF) mengindikasikan adanya perubahan kebijakan moneter pascakrisis moneter di Indonesia. Manfaat dari kebijakan tersebut tergantung pada kredibilitas bank sentral.…”

Section: Inflasiunclassified

Analisis Pengaruh Variabel Makroeknomi terhadap Inflasi di ASEAN-5 (Indonesia, Thailand, Philipina, Malaysia dan Singapura)

Adekantari

2021

Ecosains

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Penelitian ini bertujuan untuk menganalisis pengaruh variabel makroekonomi terhadap Inflasi di ASEAN-5. Data yang digunakan dalam penelitian ini adalah data panel dari tahun 2009 sampai dengan tahun 2019 yang diambil dari World Bank, ASEAN Statistics dan International Financial Statistics (IFS). Penelitian ini menggunakan analisis regresi data panel dengan Pertumbuhan Ekonomi, Narrow Money, Broad Money dan Kurs sebagai variabel independen serta Inflasi sebagai variabel dependen. Hasil penelitian ini adalah variabel pertumbuhan ekonomi dan broad money berpengaruh positif dan signifikan terhadap inflasi di ASEAN-5. Di sisi lain, variabel narrow money berpengaruh negatif dan tidak signifikan terhadap inflasi di ASEAN-5. Sedangkan variabel kurs berpengaruh positif namun tidak signifikan terhadap inflasi di ASEAN-5.

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Section: Inflasiunclassified

Analisis Pengaruh Variabel Makroeknomi terhadap Inflasi di ASEAN-5 (Indonesia, Thailand, Philipina, Malaysia dan Singapura)

Adekantari

2021

Ecosains

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“…This is because inflation expectations play a critical role in economic agent's decisions on consumption, investment, wage-setting, asset pricing, and so forth, through their effect on the real interest rate. Inflation targeting affects macroeconomic variables and how the credibility of inflation targeting affects the transparency of monetary policy (Kim, Kang, & Ka, 2020). This study is significant in terms of formulating the monetary policy above since Bank Indonesia should comprehend the inflation characteristics and dynamics in the more detailed and comprehensive way.…”

Section: Introductionmentioning

confidence: 99%

Inflation convergence and the determinant factors: A case study on 31 provinces in Indonesia

Mukhlish¹,

Wahyuningsih²

2020

JES

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This study aims to estimate (the possibility) the inflation convergence among regionals in Indonesia and also analyze the determinant/source factor of the regional inflation. The population of this study consists of 31 provinces by using secondary data of the 2008-2017 period. Consumer Price Index becomes the dependent variable while Gross Regional Domestic Product, Provincial Minimum Wage, credit and Open Unemployment Level become the independent variable. This research uses panel data analysis and Fixed Effect Model regression estimation approach. The result showed that inflation convergence happened among regionals in Indonesia that can be seen through the X1 variable coefficient value of -0.635457 since the value of β < 0. While for the convergence speed calculation, the measurement result showed that the duration needed by the inflation to return to the initial balance or its natural value is 68 months. The study result also showed that Gross Regional Domestic Product, Provincial Minimum Wage, credit and Open Unemployment Level have significant influence on the Indonesia's regional Inflation in 2008-2017.

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The inflationary impact of oil price shock in Korea: The role of inflation expectations

Lee,

Kim

2025

Journal of Asian Economics

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Do bond markets find inflation targets credible? Evidence from five inflation-targeting countries

Cited by 5 publications

References 26 publications

Analisis Pengaruh Variabel Makroeknomi terhadap Inflasi di ASEAN-5 (Indonesia, Thailand, Philipina, Malaysia dan Singapura)

Analisis Pengaruh Variabel Makroeknomi terhadap Inflasi di ASEAN-5 (Indonesia, Thailand, Philipina, Malaysia dan Singapura)

Inflation convergence and the determinant factors: A case study on 31 provinces in Indonesia

The inflationary impact of oil price shock in Korea: The role of inflation expectations

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