CD Skripsi
Pengaruh Transmisi Kebijakan Moneter Jalur Harga Aset Terhadap Inflasi Di Indonesia Tahun 2012-2017
This study aims to determine the effect of the monetary policy transmission mechanism on asset price to inflation in Indonesia in 2015-2018. This study uses secondary data obtained from the Financial Services Authority (OJK). The analytical method used in this study is Vector Autoregessive (VAR). The variables used in this study are Bank Indonesia Certificates (SBI), Money Supply (M2) and Bonds.
The results of this study were carried out by the Impulse Response Function (IRF) test and the Forecast Error Variance Decomposition (FEVD) test. The SBI at the beginning of the period shows a positive trend, then it enters a negative slovy and returns to show a positive trend in the period 19 to the end of the period. Bonds at the beginning of the period show a positive trend, then negative, return to the positive and permanent status until the end of the period. M2 at the beginning of the period showed a negative trend until in the 7th period it entered a positive and permanently stable slove until the end of the period. The VD test results in Table 5.5 show that the inflation variant can be explained by the SBI variable at 1.409%. The constellation is smaller than the inflation variant which can be explained by the Bond variable which is 5.084% and the inflation variant that can be explained by M2 is 0.393%.
Keywords: Monetary Policy Transmission, Asset Price Pathways, Inflation
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