IDEAS home Printed from https://ideas.repec.org/a/idn/journl/v16y2013i1ep1-17.html
   My bibliography  Save this article

Model Kebijakan Moneter Dalam Perekonomian Terbuka Untuk Indonesia

Author

Listed:
  • Umar Juoro

Abstract

This paper analyze the impact of foreign policy (the Fed) on Indonesia’s monetary economy, focusing on the attention is also to the fund rate. An empirical model of VAR (Vector Auto Regression) is developed to capture the impact of increase in fund rate to Indonesia’s monetary sector. The system of equations covers central bank policy rate, lending rate, inflation, real effective rate (REER), and the output growth. The result shows that the increase of fund rate tended to push Bank Indonesia to increase his policy rate, hence the lending rate. On the other side, positive shock of foreign fund rate lower inflation and output growth, and appreciate the Real Effective Exchange Rate with lag.

Suggested Citation

  • Umar Juoro, 2013. "Model Kebijakan Moneter Dalam Perekonomian Terbuka Untuk Indonesia," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 16(1), pages 1-17, July.
    • Handle: RePEc:idn:journl:v:16:y:2013:i:1e:p:1-17
    DOI: https://doi.org/10.21098/bemp.v16i1.40
    as

    Download full text from publisher

    File URL: https://www.bmeb-bi.org/index.php/BEMP/article/download/40/32
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.21098/bemp.v16i1.40?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    monetary policy; lending rate; inflation; exchange rate.;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idn:journl:v:16:y:2013:i:1e:p:1-17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lutzardo Tobing or Jimmy Kathon (email available below). General contact details of provider: https://edirc.repec.org/data/bigovid.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.