Fiscal and monetary policies to reduce inflation rate in Indonesia

Sriyana, Jaka

doi:10.20885/jkek.vol1.iss1.art8

Cited by 6 publications

(8 citation statements)

References 26 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Finally, to check the stability of the data, according to the CUSUM stability test suggested by Sriyana & Ge (2019), it can be seen that the data move within the red lines during the observation period at the level of 5% significance. This result indicates that the data are stable, and that the results of the study can be considered robust.…”

Section: Resultsmentioning

confidence: 99%

See 1 more Smart Citation

The Contribution of Islamic and Conventional Banks to Financial Stability in Indonesia

2023

View full text Add to dashboard Cite

This study aims to examine an asymmetric relationship between Islamic and conventional bank contributions to financial stability in Indonesia. Adopting non-linear autoregressive distributed lag (NARDL), the study utilizes time-series data from 2004m1-2021m9, consisting of financial stability as a dependent variable, proxied by non-performing loans (NPLs) and ZSCORE. Islamic and conventional banks as independent variables were measured by total financing and total assets. Furthermore, we used interest rates and inflation as complementary variables. The findings reveal that Islamic and conventional banks affect financial stability in the short and long run. However, conventional banks contribute to financial stability more than Islamic banks. The asymmetric relationship explains that an increase/decrease in the independent variables to the same degree does not have the same impact on the dependent variable. This research implies that the financial authorities need to increase their awareness of the presence of asymmetric relationships when designing monetary policy to achieve and maintain financial stability. Finally, the study also fills the current research gap by measuring the contribution of Islamic and conventional banks to financial stability from an asymmetric relationship viewpoint.JEL Classification: E60, G20, G21How to Cite:Fakhrunnas, F., Nahda, K., Chowdhury, M.A.M. (2023). The Contribution of Islamic and Conventional Banks to Financial Stability in Indonesia. Etikonomi, 22(1), 213–232. https://doi.org/10.15408/etk.v22i2.26656.

show abstract

Section: Resultsmentioning

confidence: 99%

“…Second, bound testing cointegration was conducted, as suggested by Pesaran et al (2001), and finally a Wald test was conducted to examine the presence of asymmetric relationships. To check the robustness of the data, Sriyana & Ge (2019) explain that the cumulative sum (CUSUM) then needs to be tested with an alpha level of 0.05 (5%).…”

Section: Infmentioning

confidence: 99%

The Contribution of Islamic and Conventional Banks to Financial Stability in Indonesia

2023

View full text Add to dashboard Cite

show abstract

“…After calculating the value of POS and NEG in the determined variables (Cheah et al, 2017; Haron & Ibrahim, 2019), as explained by Shin and Greenwood-Nimmo (2014), the NARDL method was performed by taking several steps similar to the ARDL test which are (1) the ADF unit root test proposed by Dickey and Fuller (1979) to check the level of stationary, (2) bounds testing co-integration as suggested by Pesaran et al (2001) to assess the presence of long-run relationship, (3) Wald test as explained by Sriyana and Ge (2019) to determine the symmetric and/or asymmetric movement of the observed variables in which H 0 of the Wald test is, if the relationship of the observed variables is symmetric, (4) Bootstrapping analysis to understand the movement of independent variables towards dependent variables during the observation periods, and (5) a cumulative sum (CUSUM) test to examine the robustness of the tested model based on 5% level of significance.…”

Section: Methodsmentioning

confidence: 99%

The Determinants of Non-Performing Loans in the Indonesian Banking Industry: An Asymmetric Approach Before and During the Pandemic Crisis

et al. 2022

View full text Add to dashboard Cite

The outbreak has created an unprecedented crisis that influences macroeconomic variables. These circumstances are predicted to be contagious for banking performance. To understand the related influences, this study attempts to examine the asymmetric relationship between macroeconomic variables and non-performing loans/financing of the Indonesian banking industry before and during the COVID-19 pandemic. The nonlinear autoregressive distributed lag (NARDL) is adopted based on the time-series data from 2005Q1 to 2021Q1. The study provides evidence that an asymmetric relationship between macroeconomic variables and the banks’ non-performing loans/financing exists both before and during the pandemic. In addition, asymmetric relationships of macroeconomic variables on Islamic banks are more prominent before the pandemic even though it occurs inversely during the pandemic. As for policy implication, the financial authority needs to be prudent in implementing financial policies due to the presence of an asymmetric relationship between macroeconomic variables and the banks’ non-performing loans/financing. Moreover, the authority must ensure that all financial policies will be effective to all types of banks regardless of conventional or Islamic banks.

show abstract

“…Inflasi dapat menimbulkan dampak yang kompleks, namun pengelolaan inflasi yang tepat tetap menjadi elemen kunci dalam menjaga keseimbangan stabilitas dan pertumbuhan ekonomi. (Rahayu Setiyaningrum, 2023) (Sriyana, 2022) dalam artikelnya menganalisis kebijakan fiskal dan moneter untuk mengendalikan tingkat inflasi Indonesia menunjukkan adanya pengaruh signifikan variabel fiskal dan moneter terhadap tingkat inflasi. Secara khusus, belanja pemerintah dan kelangkaan dana signifikan terhadap tingkat inflasi yang lebih tinggi.…”

Section: Landasan Teoriunclassified

Sistem Lelang Komoditas Cabai Merah di Indonesia (Study Literature Periode 2019 – 2024)

Trirahayu,

Soedarto

2024

JMWS

View full text Add to dashboard Cite

Komoditas hortikultura merupakan komoditas potensial yang mempunyai nilai ekonomi dan permintaan pasar yang tinggi. Selain itu, hortikultura memiliki beragam jenis komoditas dan sektor yang dibutuhkan masyarakat secara langsung. Cabai merah merupakan salah satu produk hortikultura yang cocok dikembangkan di Indonesia. Di Indonesia, cabai merah merupakan komoditas pertanian andalan karena merupakan tanaman unggul yang memiliki nilai pasar tinggi. Selain hasil panennya yang luar biasa, cabai merah menjadi salah satu bahan pangan yang paling banyak dicari masyarakat. Cabai merah populer di kalangan petani karena dapat ditanam di dataran rendah. Permasalahan utama dalam pemasaran cabai merah adalah panjangnya saluran distribusi yang menyebabkan perbedaan harga jual antara petani dan pedagang. Jika dikelola dengan baik, fasilitas lelang bisa memberikan keuntungan yang sangat besar bagi cabai merah. Keberhasilan pasar tidak hanya bergantung pada ketersediaan barang dan pembeli, tetapi juga pada organisasi kelembagaan dan pemasaran itu sendiri. Pasar lelang dapat menjadi strategi yang baik dalam meredam gejolak harga cabai merah, yang seringkali menjadi ancaman bagi petani.

show abstract

Fiscal and monetary policies to reduce inflation rate in Indonesia

Cited by 6 publications

References 26 publications

The Contribution of Islamic and Conventional Banks to Financial Stability in Indonesia

The Contribution of Islamic and Conventional Banks to Financial Stability in Indonesia

The Determinants of Non-Performing Loans in the Indonesian Banking Industry: An Asymmetric Approach Before and During the Pandemic Crisis

Sistem Lelang Komoditas Cabai Merah di Indonesia (Study Literature Periode 2019 – 2024)

Contact Info

Product

Resources

About