Identifikasi Mekanisme Transmisi Kebijakan Moneter Saluran Uang Dan Saluran Suku Bunga Di Indonesia

Herlina, Deswita

doi:10.35448/jequ.v8i2.4446

Cited by 6 publications

(8 citation statements)

References 3 publications

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“…If the central bank reduces the benchmark interest rate, then the interest rates on credit and deposit contracts will also change in accordance with the contract mechanism established by the financial institution. If changes in the benchmark interest rate are not fully or quickly transmitted to credit and savings contracts, monetary policy's effects will therefore be more slow (Herlina, 2018).…”

Section: Discussionmentioning

confidence: 99%

Effectiveness of Monetary Transmission Through Interest Rate and Exchange Rate Channels on Indonesia’s Inflation Rate

Setyawan,

Wasiaturrahma,

Anwar

2023

JIETcon

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The purpose of this research is to determine the effectiveness of monetary transmission on inflation in Indonesia through the interest rate and the exchange rate channel over a period of 2015Q1-2022Q4. This research analysis approach uses the variance decomposition and Vector Error Correction Model (VECM) methods. Quantitative methods are utilized, and the estimation tool used is Eviews 12. The findings of the variance decomposition analysis in this research indicate that to reduce inflation in Indonesia, monetary transmission through exchange rates is more effective than through the interest rate channel.

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Section: Discussionmentioning

confidence: 99%

Effectiveness of Monetary Transmission Through Interest Rate and Exchange Rate Channels on Indonesia’s Inflation Rate

Setyawan,

Wasiaturrahma,

Anwar

2023

JIETcon

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“…Therefore, knowledge of how NFA and NDA influence both directly and indirectly against prices is important. As to common has been known, the higher domestic prices compared to the prices in neighboring countries makes the domestic real interest rates uncompetitive to put pressure on the rupiah (Herlina, 2018;Rusiadi;Novalina & Sembiring, 2017;Susilowati & Wahyuningdyah, 2018). Besides the money supply, the operational target of monetary policy is interest rates (Jan Gottschalk, 2014;Machmud & Warjoko, 2013;Sinaga & Sudirman, 2018).…”

Section: Introductionmentioning

confidence: 99%

Path Analysis of Monetary Policy Mechanisms: Does Economic Capacity Mediate Prices?

Susilowati

Wahyuningdyah

2020

JPEB

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The single objective of Bank Indonesia is Rupiah's stability. Within the monetary policy framework, the monetary instruments affect the operational targets (money supply and interest rates). Those operational targets effect rupiah stability troughs its effect on economic capacity/GDP. Using 108 monthly data, that is analyzed by path analysis; this study discusses the effect of net foreign assets (NFA) and net domestic assets (NDA,) and interest rates on the prices (CPI) through their effects GDP. The results show that NFA and NDA have a significant positive effect on GDP, while interest rates are tended to be negative. However, neither the NFA nor the NDA has been proven to have a direct significant effect on CPI. The interest rate has been proven to have a direct significant effect on CPI. GDP was not proven to have a significant effect on the CPI and neither mediates the effects of operational targets on CPI.Keywords: Rupiah; Prices; CPI; Stability; Money

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“…To reduce the impact of the global economic shock on the domestic economy, effective and efficient policies are needed, both monetary and fiscal policies and other economic policies. (Herlina, 2013).…”

Section: Introductionmentioning

confidence: 99%

Comparison Effectiveness of Conventional and Islamic Monetary Policiesto Controlling Inflation in Indonesia Period 2012-2018

Hasna¹,

Kusnendi²,

Wulandari³

2019

KSS

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Identifikasi Mekanisme Transmisi Kebijakan Moneter Saluran Uang Dan Saluran Suku Bunga Di Indonesia

Cited by 6 publications

References 3 publications

Effectiveness of Monetary Transmission Through Interest Rate and Exchange Rate Channels on Indonesia’s Inflation Rate

Effectiveness of Monetary Transmission Through Interest Rate and Exchange Rate Channels on Indonesia’s Inflation Rate

Path Analysis of Monetary Policy Mechanisms: Does Economic Capacity Mediate Prices?

Comparison Effectiveness of Conventional and Islamic Monetary Policiesto Controlling Inflation in Indonesia Period 2012-2018

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