scholarly journals ANALISIS PASAR BARANG DAN PASAR UANG DI INDONESIA : PENDEKATAN KEBIJAKAN FISKAL DAN KEBIJAKAN MONETER

2018 ◽  
Vol 7 (2) ◽  
pp. 121
Author(s):  
Siska Rahmi ◽  
Ali Anis ◽  
Dewi Zaini Putri
Keyword(s):  
Monetary Policy ◽  
Fiscal Policy ◽  
Interest Rate ◽  
Least Square ◽  
Fiscal Multiplier ◽  
Ordinary Least Square ◽  
Effective Policy ◽  
The Interest Rate ◽  
Equilibrium Market ◽  
Research Show

This study aims to analyze the (1) multiplier of fiscal policy and monetary policy, (2) equilibrium market of goods and money market in Indonesia, (3) effective policy to stabilize Indonesian economy by using Ordinary Least Square (OLS) method. The results of the research show that (1) a fiscal multiplier is 0.06 and a monetary multiplier is 1.17, (2) the equilibrium is at the interest rate of 1,81% and the GDP of Rp. 935.235,6 billion, and (3) the effective policy is monetary policy in stabilizing the economy.

scholarly journals PENGARUH MAKRO EKONOMI TERHADAP NON PERFORMING LOAN BANK SWASTA NASIONAL

2018 ◽  
Vol 22 (2) ◽  
pp. 91-98
Author(s):  
Rendy Dwi Putra
Keyword(s):  
Interest Rate ◽  
Gross Domestic Product ◽  
Secondary Data ◽  
Least Square ◽  
Domestic Product ◽  
Annual Data ◽  
Bank Capital ◽  
Ordinary Least Square ◽  
The Interest Rate ◽  
Research Show

The Purpose of his research is to analyze the influencethe Non-Performing Loan (NPL) in the tenth small private bank by capital in Indonesia in 2009-2015. As some of the factors analyzed in influenceof Non-Performing Loan (NPL): Gross Domestic Product (GDP), Inflation(INF), and Interest Rate of Credit Investment (IRCI). The sample in this study is fifthbank of BUKU 1 that is Mandiri Taspen Pos Bank, Jasa Jakarta Bank, Capital Bank, Index Selindo Bank, and CCB Indonesian Bank, while fifthbank of BUKU 2 that is Mestika Bank, KEB Hana Indonesian Bank, Mayapada Bank, MNC International Bank, and Sinarmas Bank. The data used is the annual data released by the bank and Secondary data were obtained directly from the World Bank and Bank Indonesia. This research was conducted with quantitative approach and analyzed using Ordinary Least Square (OLS). The result of this research show that the Gross Domestic Product (GDP) had a negative and not significantimpact on the Non-Performing Loan (NPL); the Inflation(INF) had a negative and significantimpact on the Non-Performing Loan (NPL); and the Interest Rate of Credit Investment (IRCI) had a positive and not significant impact on the Non-Performing Loan (NPL)

Dampak Kebijakan Moneter Pada Output Di Negara-Negara ASEAN Tahun 1980-2014

2017 ◽  
Vol 4 (1) ◽  
pp. 58-70
Author(s):  
Nur Widiastuti
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Fixed Effects ◽  
Empirical Studies ◽  
Negative Relationship ◽  
Least Square ◽  
Fixed Effects Model ◽  
State Data ◽  
Ordinary Least Square ◽  
The Impact

The Impact of monetary Policy on Ouput is an ambiguous. The results of previous empirical studies indicate that the impact can be a positive or negative relationship. The purpose of this study is to investigate the impact of monetary policy on Output more detail. The variables to estimatate monetery poicy are used state and board interest rate andrate. This research is conducted by Ordinary Least Square or Instrumental Variabel, method for 5 countries ASEAN. The state data are estimated for the period of 1980 – 2014. Based on the results, it can be concluded that the impact of monetary policy on Output shown are varied.Keyword: Monetary Policy, Output, Panel Data, Fixed Effects Model

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI KONSUMSI MASYARAKAT DI PROVINSI ACEH

2014 ◽  
Vol 1 (2) ◽  
Author(s):  
Tarmizi Gadeng
Keyword(s):  
Interest Rate ◽  
Inflation Rate ◽  
Econometric Model ◽  
Least Square ◽  
The Other ◽  
Ordinary Least Square ◽  
Other Hand ◽  
The Interest Rate ◽  
The Impact

The main objective of this study is to find out the impact of the inflation rate,percapita income as wall as the interest rate on the household comsumption of the population of Aceh.Secondary data 1983 – 2008 are collected or couning from various ageucig and instution and ordinary least square econometric model used as a method of analysis.            The result of the study tells us that the rate of inflation and the percapita income hare positive and significoutly effect on the household consumtion while the rate of interest on the other hand statistically has a negative and not significant effect on the house hold consumption. The interest rate which reflect the influence of the consumption has a positive, not significantly and in elactic. 

scholarly journals Determinan Suku Bunga dan Likuiditas Bank Terhadap Pertumbuhan Kredit di Indonesia

Jurnal Ecogen ◽  
2020 ◽  
Vol 3 (2) ◽  
pp. 200
Author(s):  
Yeniwati Yeniwati
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Commercial Banks ◽  
Secondary Data ◽  
Least Square ◽  
Bank Credit ◽  
Credit Growth ◽  
Ordinary Least Square ◽  
Banking Community ◽  
The Interest Rate

This study aims to determine the effect of the interest rate (BI rate) on bank credit growth in Indonesia, liquidity on bank credit growth in Indonesia and determine the effect of interest rates and liquidity on bank credit growth in Indonesia. The method used in this study is Ordinary Least Square (OLS) using secondary data from 2009 Quarter I to 2018 Quarter IV. The results of the analysis showed that there was an influence between interest rates on bank credit growth in Indonesia, there was an influence between liquidity on bank credit growth in Indonesia. Together there is an influence between interest rates and bank liquidity on the growth of bank credit in Indonesia. The policy implication of this research is that Bank Indonesia must maintain the benchmark interest rate set in order to trigger an increase in bank credit growth. In addition, Bank Indonesia must monitor the liquidity of commercial banks in Indonesia so that the trust of the banking community is even greaterKeywords : interest rate, Liquidity, Credit

scholarly journals Taxes and the Structure of Production

1998 ◽  
Vol 16 (2) ◽  
pp. 145-159 ◽  
Author(s):  
Walter Block
Keyword(s):  
Monetary Policy ◽  
Fiscal Policy ◽  
Interest Rate ◽  
Business Cycle ◽  
Time Preference ◽  
Causal Relation ◽  
Austrian Business Cycle ◽  
The Business Cycle ◽  
The Interest Rate ◽  
Structure Of Production

Abstract In Austrian theory, the business cycle is caused by expansive monetary policy, which artificially lowers the interest rate below equilibrium rates, necessarily lengthening the structure of production. Can tax alterations also cause an Austrian business cycle? Only if they affect time preference rates, the determinant of the shape of the Hayekian triangle. It is the contention of this paper that changes in taxes possibly can (but need not) impact time preference rates. Thus there may be a causal relation between fiscal policy and the business cycle, but this is not a necessary connection, as there is between monetary policy and the business cycle. This is contentious, since some Austrians argue that there is a praxeological link between tax policy and time preference rates.

scholarly journals Alleviating Poverty in Nigeria: Keynesian Vs Monetary Theory of Poverty

2020 ◽  
Vol 30 (1) ◽  
pp. 103-120
Author(s):  
Olukayode Emmanuel Maku ◽  
Afeez Taiwo Tella ◽  
Akinola Christopher Fagbohun
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rate ◽  
Capital Expenditure ◽  
Vital Role ◽  
Least Square ◽  
Monetary Policies ◽  
Ordinary Least Square ◽  
Beta Coefficient ◽  
Policy Measures

AbstractThis study comparatively investigates the impacts of fiscal and monetary policies on poverty in Nigeria from 1986 to 2018. Using the Ordinary Least Square and Standardized or Beta Coefficient approach, we found that the Nigerian political system plays a vital role on a large number of its citizens living in extreme poverty. Other factors identified as the likely causes of poverty are insurgencies, terrorism, and low productivity among others. Also, monetary policy is more important in alleviating poverty than the fiscal policy which favored the monetary school arguments. Specifically, monetary measures like exchange rate and interest rate are more significant in alleviating poverty far more than inflation rate while fiscal measures proxy with government recurrent expenditure plays a more vital role in alleviating poverty in Nigeria than others like government capital expenditure and government recurrent expenditure. The study recommended that in the case of monetary measures, there is a need for Government through the Central Bank of Nigeria, to shift their attention towards key monetary policy measures like interest rate and exchange rate compare to other monetary measures.

scholarly journals DAMPAK KEBIJAKAN MONETER PADA OUTPUT DI NEGARA-NEGARA ASENA TAHUN 1980-2014

2019 ◽  
Vol 4 (1) ◽  
pp. 58-70
Author(s):  
Nur Widiastuti
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Empirical Studies ◽  
Negative Relationship ◽  
The State ◽  
Least Square ◽  
State Data ◽  
Ordinary Least Square ◽  
The Impact

The Impact of monetary Policy on Ouput is an ambiguous. The results of previous empirical studies indicate that the impact can be a positive or negative relationship. The purpose of this study is to investigate the impact of monetary policy on Output more detail. The variables to estimatate monetery poicy are used state and board interest rate andrate. This research is conducted by Ordinary Least Square or Instrumental Variabel, method for 5 countries ASEAN. The state data are estimated for the period of 1980 – 2014. Based on the results, it can be concluded that the impact of monetary policy on Output shown are varied.

scholarly journals Analisis Efektivitas Kebijakan Moneter dan Kebijakan Fiskal terhadap Produk Domestik Bruto Indonesia

2018 ◽  
Vol 7 (2) ◽  
pp. 194-202
Author(s):  
Ridho Windi Atmojo
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Fiscal Policy ◽  
Interest Rate ◽  
Empirical Data ◽  
Least Square ◽  
Two Stage ◽  
Economic Growth Rate ◽  
The Interest Rate

Dari data-data empiris tingkat pertumbuhan ekonomi Indonesia berdasarkan pada PDB  banyak mengalami penurunan. Untuk meningkatkan PDB Indonesia, maka dilakukan penelitian efektiv mana kebijakan moneter atau fiskal dalam mempengaruhi PDB Indonesia. Penelitian ini memakai model IS-LM dengan menggunakan metode Two-Stage Least Square (TSLS) untuk mengestimasi variabel yang ada dalam penelitian. Hasil penelitian menunjukan bahwa nilai PDB Indonesia dengan menggunakan IS-LM sebesar 2034769.68 miliar dan tingkat bunga berada di -8.78 persen. multiplier kebijakan fiskal sebesar 0.63 dan nilai multiplier moneter sebesar 1.72.  From the empirical data, Indonesia's economic growth rate based on GDP has decreased a lot. To increase Indonesia's GDP, an effecve research is conducted where the monetary or fiscal policy in influencing Indonesia's GDP. This research uses IS-LM model by using Two-Stage Least Square (TSLS) method to estimate the variables in the research. The results showed that the value of Indonesia's GDP using IS-LM amounted to 2034769.68 billion and the interest rate was at -8.78 percent. fiscal policy multiplier of 0.63 and a monetary multiplier value of 1.72.

scholarly journals ANALISIS SIMULTAN SEKTOR MONETER DI INDONESIA (PENDEKATAN PARSIAL MUNDELL-FLEMING)

2021 ◽  
Vol 18 (1) ◽  
Author(s):  
Aula Ahmad Hafidh Saiful Fikri
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Open Economy ◽  
Rate Equation ◽  
Negative Relationship ◽  
National Income ◽  
Least Square ◽  
Two Stage ◽  
Economic Variables ◽  
The Interest Rate

Abstrak: Kebijakan moneter merupakan salah satu usaha pemerintah untuk mengendalikan keadaan ekonomi makro. Perubahan yang terjadi pada kebijakan moneter akan mempengaruhi variabel-variabel ekonomi yang lain. Berdasarkan hal tersebut, studi ini bertujuan untuk melakukan analisis secara simultan shocks kebijakan moneter dalam perekonomian terbuka terhadap variabel-variabel ekonomi dengan menggunakan data Indonesia periode 2000:1 - 2019:8 dengan menggunakan pendekatan secara parsial Teori Mundell-Fleming. Metode yang digunakan dalam studi ini adalah Two-Stage Least Square (TSLS). Hasil yang diperoleh dalam studi ini menunjukkan bahwa (1) shock kebijakan moneter terhadap variabel-variabel ekonomi menunjukkan adanya suatu fenomena puzzle atau tidak sesuai teori dan (2) kontribusi BI rate yang paling besar dirasakan oleh variabel harga (inflasi). Penelitian ini memakai model IS-LM parsial dari sisi LM. Hasil penelitian menunjukan bahwa ada hubungan simultan antara variabel endogen persamaan tingkat bunga dan inflasi. Dari model persamaan tingkat bunga semua variabel mempunyai pengaruh yang signifikan terhadap tingkat bunga kecuali harga minyak dunia (OP). hubungan negatif ditunjukkan oleh permintaan uang (MD), pendapatan nasional (IPI) dan inflasi (INF). Sedangkan dalam persamaan inflasi, hanya variabel IPI yang tidak signifikan, hubungan negatif ditunjukkan oleh IPI dan aset luar negeri bersih (NFA).Abstract: Monetary policy is one of the government's efforts to control macroeconomic conditions. Changes in monetary policy will affect other economic variables. This study aims to simultaneously analyze monetary policy shocks in the open economy using Indonesian monthly data for the period 2000:1 - 2019:8 using a partial approach to the Mundell-Fleming Theory. The method used in this study is Two-Stage Least Square. The results obtained indicate that (1) the shock of monetary policy on economic variables indicates the phenomenon of puzzle or not according to theory and (2) contribution Bank Indonesia rate is the biggest to the price variable (inflation). This study uses a partial IS-LM model from the LM side. The results showed a simultaneous relationship between the endogenous variables of the interest rate equation and inflation. From the interest rate equation model, all variables significantly affect the interest rate, except for the world oil price; negative relationship is shown by money demand, national income, and inflation. Meanwhile, in the inflation equation, only the national income variable is insignificant; a negative relationship is shown by national income and net foreign assets.

The Role of Different Channels in Transmitting Monetary Policy into Output and Price in Vietnam

2015 ◽  
pp. 20-40
Author(s):  
Vinh Nguyen Thi Thuy
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rate ◽  
Money Supply ◽  
Monetary Transmission ◽  
Impulse Response Functions ◽  
Short Run ◽  
The Exchange Rate ◽  
The Interest Rate ◽  
Interest Rate Channel

The paper investigates the mechanism of monetary transmission in Vietnam through different channels - namely the interest rate channel, the exchange rate channel, the asset channel and the credit channel for the period January 1995 - October 2009. This study applies VAR analysis to evaluate the monetary transmission mechanisms to output and price level. To compare the relative importance of different channels for transmitting monetary policy, the paper estimates the impulse response functions and variance decompositions of variables. The empirical results show that the changes in money supply have a significant impact on output rather than price in the short run. The impacts of money supply on price and output are stronger through the exchange rate and credit channels, but however, are weaker through the interest rate channel. The impacts of monetary policy on output and inflation may be erroneous through the equity price channel because of the lack of an established and well-functioning stock market.

Sign in / Sign up

Export Citation Format

Share Document