Maulana, Reza Bagas
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TRANSMISI BAURAN KEBIJAKAN BANK INDONESIA PADA STABILITAS HARGA Yuliati, Lilis; Lestari, Endah Kurnia; Maulana, Reza Bagas
Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT Vol 5 No 1 (2020)
Publisher : Economic Faculty, Attahiriyah Islamic University

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Abstract

Purpose- This study aims to analyze Bank Indonesia monetary and macroprudential policy mix in achieving price stability as the goal of the policy.Design/methodology/approach- The variables were used in this study are inflation rate, asset price, exchange and credit rate, and inflation expectation, while the instrument used is the BI Rate which represents the monetary policy and GWM LDR which represents macro-prudential policy. The analysis method uses VAR by using data from the 2011M4-2018M5 periods.Findings- The VAR estimation showed that BI Rate affected the inflation rate through asset price, exchange rate, and credit. The GWM LDR instrument affected the inflation rate through asset price and credit. The IRF test showed that the shock on the BI Rate instrument was responded as negative by the inflation rate with 5 months lag, while the shock on GWM LDR as the macroprudential policy instrument was responded as negative by the inflation rate with 2 months lag. Implications- This indicates that the mix of monetary and macroprudential policy instruments can be used by BI in achieving its final policy objectives, and exploration of the selection of instruments used is needed. The findings show inflation expectations have a significant negative effect on the inflation rate in transmitting monetary policy by BI.Keywords: Policy Mix, Price Stability and VAR
Identified of Tobacco Industry Development in East Java: Error Correction Model Approach and The Tripled Layer Business Canvas Model Application Mu'min, M Silahul; Anggara, Yoga Pury; Maulana, Reza Bagas
Journal of Developing Economies Vol. 3 No. 2 (2018)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1039.013 KB) | DOI: 10.20473/jde.v3i2.10782

Abstract

The agricultural sector is one of the main sectors in the Indonesian economy in addition to the industrial sector and the trade sector. In addition to the purpose of meeting the basic needs of the community, the agricultural sector also contributes to the Indonesian economic structure. In 2018, BPS (Central Statistics Agency) noted that the agricultural sector contributes 14% to GDP (Gross Domestic Product). East Java Province has enormous potential for the development of the agricultural sector today. Agriculture is still a leading sector for the economy of East Java in the digital era as it is today. Tobacco is one of the agricultural derivatives commodities that have an important contribution in the economy. Based on data from the Central Statistics Agency (BPS) from 2010-2016, there are four regions with large tobacco production in East Java, namely Jember, Probolinggo, Situbondo and Bojonegoro, which account for 2.01% of Java's Gross Regional Domestic Product (GRDP) East in 2016 with a gross added value of Rp. 27,321 billion. Business competition in the current digital economy era requires industry to be able to try to increase production capacity in the face of competition with similar industries. The purpose of this study is to analyze the factors that influence the development of the tobacco industry both in the short and long term and provide recommendations for sustainable and competitive tobacco industry development policies. This study uses the Panel Vector Error Correction Model (PVECM) method and the preparation of industrial development recommendations based on the Triple Layered Business Model Canvas (TLBMC). The results showed that the level of GRDP and land productivity were the main factors influencing the development of the tobaccoindustries and canvas in TLBMC capable of being the basis for supporting the development of the tobacco industry that is more holistic in the orientation of sustainable innovation business by considering three perspectives namely economic, environmental, and social impacts.   Key words : Panel Vector Error Correction Model, Tobacco of industriy, Triple Layer Business Model Canvas