The Analysis of Monetary Policy Transmission Mechanism by Exchange Rate Channel in Influencing The Inflation in Indonesia
| Main Authors: | Pulungan, Putry Sari Rahmadyah, , Fitrawaty, Ayu, Sri Fajar |
|---|---|
| Format: | Proceeding PeerReviewed Book |
| Bahasa: | ind |
| Terbitan: |
, 2019
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| Subjects: | |
| Online Access: |
http://digilib.unimed.ac.id/38869/1/Cover.pdf http://digilib.unimed.ac.id/38869/2/full%20text.pdf http://digilib.unimed.ac.id/38869/ http://aisteel2019.unimed.ac.id/wp-content/uploads/2020/02/ABS-201.pdf |
Daftar Isi:
- This study aims to find out the effectiveness of monetary policy transmission on exchange rate pass-through in Indonesia for period 2004.1 – 2018.4. The variables consist of this study such as Exchange Rate, Net Exports, a difference of BI Rate and The Fed Rate, Foreign exchange reserves and Inflation. This study uses secondary data through Bank Indonesia office and The Federal Reserve which analyzed by Vector Error Correction Model (VECM) and Eviews 10 program. The result during the period of this study shows that transmission direct exchange rate pass-through is more effective to affect Inflation. While transmission indirect exchange rate pass-through is less effective to affect the Inflation which reflects the price stability as the ultimate objective of monetary policy in Indonesia.