PERANAN VARIABEL EKONOMI MAKRO TERHADAP INFLASI PASCAPENERAPAN INFLATION TARGETING FRAMEWORK (ITF) 1 DI INDONESIA TAHUN 1999.1-2008.6
The objective of this research is to analyze the effect of macroeconomics variable, which is real exchange rate, SBI, M1 and GDP to domestic inflation in Inflation Targeting Framework. This research also intended to analyze effect of macroeconomics to inflation, which been transmitted through intere...
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| Format: | UMS Journal (OJS) |
| Language: | eng |
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Muhammadiyah University Press
2015
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| Online Access: | https://journals.ums.ac.id/index.php/JEP/article/view/334 |
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| author | Waluyo, Joko Ulfah, Ria |
| author_facet | Waluyo, Joko Ulfah, Ria |
| author_sort | Waluyo, Joko |
| collection | OJS |
| description | The objective of this research is to analyze the effect of macroeconomics variable, which is real exchange rate, SBI, M1 and GDP to domestic inflation in Inflation Targeting Framework. This research also intended to analyze effect of macroeconomics to inflation, which been transmitted through interest rate and will give us a big picture on what’s the next monetary policies. We used monthly time series data 1999:01–2008:06 and applied Vector Error Correction Model to analyze the phenomenon. Real exchange rate, SBI (quarterly), M1 and GDP have positive effect to the inflation, but only real exchange rate and SBI (quarterly) which has permanent and long term effect. The real exchange rate has strong effect on inflation stability because, by applying ITF. The free-floating exchange rate system should be applied, and the fragile currency shall be easily fluctuated. |
| format | UMS Journal (OJS) |
| id | oai:ojs2.journals.ums.ac.id:article-334 |
| institution | Universitas Muhammadiyah Surakarta |
| language | eng |
| publishDate | 2015 |
| publisher | Muhammadiyah University Press |
| record_format | ojs |
| spelling | oai:ojs2.journals.ums.ac.id:article-334 PERANAN VARIABEL EKONOMI MAKRO TERHADAP INFLASI PASCAPENERAPAN INFLATION TARGETING FRAMEWORK (ITF) 1 DI INDONESIA TAHUN 1999.1-2008.6 Waluyo, Joko Ulfah, Ria inflation targeting framework, real exchange rate, GDP, money supply, vector error correction model The objective of this research is to analyze the effect of macroeconomics variable, which is real exchange rate, SBI, M1 and GDP to domestic inflation in Inflation Targeting Framework. This research also intended to analyze effect of macroeconomics to inflation, which been transmitted through interest rate and will give us a big picture on what’s the next monetary policies. We used monthly time series data 1999:01–2008:06 and applied Vector Error Correction Model to analyze the phenomenon. Real exchange rate, SBI (quarterly), M1 and GDP have positive effect to the inflation, but only real exchange rate and SBI (quarterly) which has permanent and long term effect. The real exchange rate has strong effect on inflation stability because, by applying ITF. The free-floating exchange rate system should be applied, and the fragile currency shall be easily fluctuated. Muhammadiyah University Press 2015-06-27 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://journals.ums.ac.id/index.php/JEP/article/view/334 10.23917/jep.v11i1.334 Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan; Vol 11, No 1 (2010): JEP Juni 2010; 58-68 2460-9331 1411-6081 eng https://journals.ums.ac.id/index.php/JEP/article/view/334/288 Copyright (c) 2015 Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan https://creativecommons.org/licenses/by/4.0 |
| spellingShingle | inflation targeting framework, real exchange rate, GDP, money supply, vector error correction model Waluyo, Joko Ulfah, Ria PERANAN VARIABEL EKONOMI MAKRO TERHADAP INFLASI PASCAPENERAPAN INFLATION TARGETING FRAMEWORK (ITF) 1 DI INDONESIA TAHUN 1999.1-2008.6 |
| title | PERANAN VARIABEL EKONOMI MAKRO TERHADAP INFLASI PASCAPENERAPAN INFLATION TARGETING FRAMEWORK (ITF) 1 DI INDONESIA TAHUN 1999.1-2008.6 |
| title_full | PERANAN VARIABEL EKONOMI MAKRO TERHADAP INFLASI PASCAPENERAPAN INFLATION TARGETING FRAMEWORK (ITF) 1 DI INDONESIA TAHUN 1999.1-2008.6 |
| title_fullStr | PERANAN VARIABEL EKONOMI MAKRO TERHADAP INFLASI PASCAPENERAPAN INFLATION TARGETING FRAMEWORK (ITF) 1 DI INDONESIA TAHUN 1999.1-2008.6 |
| title_full_unstemmed | PERANAN VARIABEL EKONOMI MAKRO TERHADAP INFLASI PASCAPENERAPAN INFLATION TARGETING FRAMEWORK (ITF) 1 DI INDONESIA TAHUN 1999.1-2008.6 |
| title_short | PERANAN VARIABEL EKONOMI MAKRO TERHADAP INFLASI PASCAPENERAPAN INFLATION TARGETING FRAMEWORK (ITF) 1 DI INDONESIA TAHUN 1999.1-2008.6 |
| title_sort | peranan variabel ekonomi makro terhadap inflasi pascapenerapan inflation targeting framework itf 1 di indonesia tahun 1999 1 2008 6 |
| topic | inflation targeting framework, real exchange rate, GDP, money supply, vector error correction model |
| topic_facet | inflation targeting framework, real exchange rate, GDP, money supply, vector error correction model |
| url | https://journals.ums.ac.id/index.php/JEP/article/view/334 |
| work_keys_str_mv | AT waluyojoko perananvariabelekonomimakroterhadapinflasipascapenerapaninflationtargetingframeworkitf1diindonesiatahun1999120086 AT ulfahria perananvariabelekonomimakroterhadapinflasipascapenerapaninflationtargetingframeworkitf1diindonesiatahun1999120086 |