Dual monetary system and macroeconomic performance in Indonesia
| Main Author: | Syapriatama, Imronjana |
|---|---|
| Format: | Article PeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
UIN Jakarta
, 2018
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| Subjects: | |
| Online Access: |
http://repository.uinmataram.ac.id/1009/1/Dual%20Monetary%20System%20and%20Macroeconomic%20Performance.pdf http://repository.uinmataram.ac.id/1009/ http://journal.uinjkt.ac.id/index.php/iqtishad |
Daftar Isi:
- English: Dual Monetary System and Macroeconomic Performance in Indonesia. This research aims to evaluate the impact of dual monetary policy shock on macroeconomic indicators of Indonesia: growth and inflation. In addition, this study will also examine whether conventional monetary policy has a particular impact upon Islamic banking sector. This research apply VAR (vector auto regressive) method on monthly data from Bank Of Indonesia during the period of January 2010 to December 2013. The result of IRF explain that the interest rate channel find the hard way to accomplished the macroeconomic goals while the Islamic monetary instrument indicates the potential growth of output and hold the inflation low. The result of VDC describes that the Islamic instrument still affected by conventional monetary policy because of slow development in Islamic monetary system. Indonesia: Sistem Moneter Ganda dan Kinerja Makroekonomi di Indonesia. Penelitian ini bertujuan untuk mengevaluasi dampak kebijakan moneter ganda terhadap indikator makroekonomi di Indonesia yakni pertumbuhan dan inflasi. Sebagai tambahan, penelitian ini juga menguji apakah kebijakan moneter konvensional memiliki dampak khusus terhadap sektor perbankan Islam. Penelitian ini menggunakan metode VAR (vector auto regressive) dengan data bulanan yang bersumber dari Bank Indonesia dari January 2010 sampai Desember 2013. Hasil IRF menjelaskan bahwa jalur suku bunga memiliki kesulitan untuk mencapai target makroekonomi sedangkan instrumen moneter Islam mengindikasikan adanya potensi pertumbuhan output dan menahan laju inflasi. Hasil VDC menggambarkan bahwa instrumen Islam masih dipengaruhi oleh kebijakan moneter konvensional karena lambatnya perkembangan sistem moneter Islam.