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All Journal Signifikan : Jurnal Ilmu Ekonomi Economic Journal of Emerging Markets Jurnal Keuangan dan Perbankan Jurnal Ekonomi & Studi Pembangunan Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Ekonomi-Qu (Jurnal Penelitian Ilmu Ekonomi) JURNAL MUTIARA AKUNTANSI Buletin Ekonomi: Manajemen, Ekonomi Pembangunan, Akuntansi International Journal of Accounting & Finance in Asia Pasific Journal of International Conference Proceedings Growth: Jurnal Magister Ilmu Ekonomi Universitas Palangka Raya Polynom: Journal in Mathematics Education JER (Jurnal Ekonomi Regional)
RINI DWI ASTUTI
Universitas Pembangunan Nasional Veteran Yogyakarta
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Electrical & Electronics Engineering Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Mathematics Social Sciences Other

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Journal : Journal of International Conference Proceedings

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Credit Channel Transmission of Monetary Policy: How Promote Growth in Indonesia? Wulandari, Evalia; Astuti, Rini Dwi
Journal of International Conference Proceedings Vol 6, No 6 (2023): 2023 WIMAYA Yogyakarta Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i6.2844

Abstract

Credit plays a significant part in supporting the public economy and as a driver of financial development. Banking facilitates households and companies as deficit spending units to finance their consumption and investment. This encourages the economic growth through increased aggregate demand. This research aims to analyze the transmission of monetary policy in Indonesia through credit channel, how the monetary policy affects economic growth. For monthly data 2017-2022, with the Vector Error Correction Model (VECM) and Vector Auto Regressive (VAR), the research results show that economic growth provides a negative response to consumption shocks on the household liquidity effect credit channel. While through the balance sheet channel, economic growth responds positively to investment shocks.  The balance sheet channel is more effective in transmitting monetary policy credit channels targeting economic growth in Indonesia during the research period. Investment as an engine of growth is achieved through optimizing the role of banking intermediation in productive rather than consumer financing because it has a greater multiplier effect on the economy.
Credit Channel Transmission of Monetary Policy: How Promote Growth in Indonesia? Wulandari, Evalia; Astuti, Rini Dwi
Journal of International Conference Proceedings Vol 6, No 6 (2023): 2023 WIMAYA Yogyakarta Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i6.2844

Abstract

Credit plays a significant part in supporting the public economy and as a driver of financial development. Banking facilitates households and companies as deficit spending units to finance their consumption and investment. This encourages the economic growth through increased aggregate demand. This research aims to analyze the transmission of monetary policy in Indonesia through credit channel, how the monetary policy affects economic growth. For monthly data 2017-2022, with the Vector Error Correction Model (VECM) and Vector Auto Regressive (VAR), the research results show that economic growth provides a negative response to consumption shocks on the household liquidity effect credit channel. While through the balance sheet channel, economic growth responds positively to investment shocks.  The balance sheet channel is more effective in transmitting monetary policy credit channels targeting economic growth in Indonesia during the research period. Investment as an engine of growth is achieved through optimizing the role of banking intermediation in productive rather than consumer financing because it has a greater multiplier effect on the economy.
Co-Authors Ambarwati, Sri Dwi Ari Ardito Bhinadi Ardito Bhinadi Azhizha, Putri Zhulaikha Nur Dari, Tri Ulan Dewa Putra Krishna Mahardika Didi Nuryadin, Didi I Ketut Nama Ishfy Dinda Syafilla Leni Agustina Nareswari, Kinanthi Sekar Sri Rahayu Budi Hastuti Sri Suharsih Udjianto, Didit Welly Wardani, Ajeng Yuli Wulandari, Evalia Yulandari, Karim Puspita