TRANSMISI KEBIJAKAN MONETER INDONESIA JALUR HARGA ASET PERUMAHAN
| Main Authors: | , Esti Pasaribu, , Prof. Dr. Nopirin, M.A. |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2013
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/126441/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=66663 |
Daftar Isi:
- This study analize the role of housing price channel in transmission mechanism. Before, this channel assumed not significantly efectif in transmission mechanism in Indonesia. On case, Indonesia is coming to the housing crisis problem and being an urgent issue to be controlled. Beside that, construction sector have given contribution up to 11 percent for GDP, indicated that this sector actualy have big enough contribution on making decision. In 2006.01 � 2013.08, the relation between IHR and monetary policy seen clearly. When the loose monetary policy occurred, IHR have been decreased, but when the tight monetary policy occurred, IHR have been increased. The policy about maksimum Loan to Value (LTV) for KPR can not decreasing total KPR because its demand is bigger than its supply. People decided to invest their money refer to housing sector than gold, stock, or fix deposit. After that, IHR influence the value of GDP. The relationship between IHR and GDP is positif, that means if IHR increase then GDP will be increase too. These empirical findings bring policy recommencations for better understanding on the risk behavior in the construction sector, as well as integration beetween monetary dan investment sector policies.