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Journal : Economic Development Analysis Journal

The Impact of U.S. Quantitative Research Policy on Asian Macroeconomics Yulianita, Anna; Rohima, Siti; Yunisvita, Yunisvita
Economics Development Analysis Journal Vol 13 No 2 (2024): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v13i2.78972

Abstract

U.S. Quantitative Research policies significantly impact economic variables in Asia-Pacific, including inflation, interest rates, unemployment, and exchange rate depreciation, but the causal relationship remains unclear. Understanding these policies' impact is important for economic stability and growth amid global uncertainty. Using data from the World Bank and IMF, Granger's causality analysis was used to uncover the relationships between these variables. The findings show that U.S. inflation is unrelated to unemployment in the Asia-Pacific, but The Fed's interest rates correlate with inflation and unemployment in the region. Rising US interest rates could have a negative impact on unemployment, especially for countries that depend on foreign capital or have strong economic ties with the U.S. Policy recommendations include enhancing regional cooperation, implementing efficient monetary policy, diversifying the economy, investing in workforce education and training, and evaluating U.S. policies to maintain economic stability in the Asia-Pacific.
Co-Authors Abdul Bashir Abdul Bashir ABDUL BASHIR, ABDUL Agus Suman Aning Kesuma Putri, Aning Kesuma Anna Yulianita Anton Indra Budiman Ardi Adji Ariodillah Hidayat Asfi Manzilati Astawa, I Made Suwasa Azwardi Azwardi Azzahrah, Meidiana Bernadette Robiani Bernadette Robiani Bissalamy, Haqqie Muflicha Deassy Apriani Desmanita, Wiga Ayu Dhea Tri Meilan Dian Sari, Okta Didik Susetyo Didik Susetyo Doyoba Sie Pratama Dwi Nurvita Fera Widyanata Fera Widyanata Habibi, Kamil Hamira, Hamira Handayani, Yekti Harunnurasyid Harunnurasyid Harunurrasyid Harunurrasyid Harunurrasyid, Harunurrasyid Imam Asngari Imelda Imelda Irvi Givelyn Irvi Givelyn Jati, Achmad Trisno Junaidi Junaidi Junaidi Junaidi Khusnul Ashar Khusnul Ashar Kusumawardani, Intan Liliana Liliana Liliana Liliana Liliana Liliana Liliana Liliana Lisa Hermawati Lisa Hermawati M. Reizky Satria Latuconsina Maharani Maharani, Maharani Mardalena Mardalena Mardalena Mardalena Mardalena Mardalena Mardalena Mardianto Mardianto Mardianto Mardianto Martalita, Nadia Lasa Marwa, Taufiq Muflicha, Haqqie Muhammad Jossy Naufal Muhammad Muhammad Muhammad Nur Budiyanto Mukhlis Mukhlis Mukhlis Nasyaya, Annada Neneng Tasu’ah, Neneng Nida, Rahma Nur Rahma Al Zaryah Nurwijayanti Pertiwi, Rasyida Pratama, Doyoba Sie Pratiwi, Dwi Sartika Lingga Puspa Utami Putri Asri Sarafina Rachely, Balqys Rahma Nida Rahmi Ramadani Rasyida Pertiwi Ratih Hetty Wardhani Rela Sari Rhani, Nanda Muthiah Rizqi Maulidia Safitri Saadah Yuliana Sabam Syahputra Manurung Sagita, Ayu Saleh, Syirod Sari, Rela Sela Indra Lestari Selvaratnam, Doris Padmini Setyariza, Nur Ayu Shodrokova, Xenaneira Siti Ardianti Puteri Utami Subardin, Muhammad Syirod Saleh Takasun, Takasun Utami, Puspa Waldi Novi Yarsah Widayati, Sri Erna Xenaneira Shodrokova Yeni Anggraini Yevi Dwitayanti Yohanes Andri Putranto Bernadus Yunisvita, Yunisvita