Efficacy of monetary policy in controlling inflation in India in the post reform period: a threshold co-integration approach

Author(s):  
Mohammad Asif ◽  
Rana Afreen
2021 ◽  
Vol 58 (1) ◽  
pp. 5908-5922
Author(s):  
Samoon Safiullah Et al.

This study explores the role of monetary policy instruments, particularly through the board money supply and inflation, in support of economic growth in Indonesia. The research base on the long-run co-integration approach using the data from 1970 to 2019. The goal of this study complies with applying the Autoregressive Distributed Lag (ARDL), and Error Correction Model (ECM), for finding out the long-run co-integration approach among dependents and independent variables. The research includes the Augmented Dickey-Fuller (ADF) unit root test for stationary analysis. The ECM results show that inflation plays a significant but negative role in economic growth in Indonesia. On the other hand, the money supply has also inversely related to the country's economic growth but not significant


2006 ◽  
Author(s):  
Vítor Gaspar ◽  
Otmar Issing ◽  
Oreste Tristani ◽  
David Vestin

Author(s):  
Michael D. Bordo ◽  
David C. Wheelock
Keyword(s):  

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