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Shock of Monetary Policy Transmission and Macroeconomic Variable in Indonesia: A Structural VAR Approach Rizal Rahman H. Teapon; Rachman Dano Mustafa
Jurnal Economia Vol 14, No 2: October 2018
Publisher : Faculty of Economics Universitas Negeri Yogyakarta in collaboration with the Institute for

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1085.412 KB) | DOI: 10.21831/economia.v14i2.21480

Abstract

Abstract: Shock of Monetary Policy Transmission and Macroeconomic Variable in Indonesia: A Structural VAR Approach. The purpose of this paper is to find out how much the shock of monetary policy transmission affects macroeconomic variables in Indonesia and vice versa by using Structural Vector Autoregression (SVAR) model. The results showed that the transmission of monetary policy in Indonesia only gives a weak influence toward inflation, but it greatly stimulates economic growth. However, the shock of macroeconomic variables influences the transmission of monetary policy in Indonesia significantly. Keywords: Structural Vector Autoregression (SVAR), monetary policy, macroeconomic policy.Abstrak: Kejutan Transmisi Kebijakan Moneter dan Variabel Makro Ekonomi di Indonesia: Suatu Pendekatan Structural Vector Autoregression. Tujuan dari tulisan ini adalah untuk mengetahui berapa besar guncangan transmisi kebijakan moneter mempengaruhi variabel makro ekonomi di Indonesia dan sebaliknya, dengan menggunakan model Structural Vector Autoregression (SVAR). Hasil penelitian menunjukan bahwa transmisi kebijakan moneter di Indonesia masih lemah dalam mempengaruhi inflasi tetapi sangat kuat dalam merangsang pertumbuhan ekonomi. Sebaliknya, guncangan variabel makro ekonomi sangat signifikan dalam mempengaruhi transmisi kebijakan moneter di Indonesia. Kata kunci: Structural Vector Autoregression (SVAR), kebijakan moneter, kebijakan makro ekonomi
Perilaku Investor Herding pada Perusahaan Infrastruktur di BEI: Pendekatan Panel Data Hartaty Hadady; Rachman Dano Mustafa
Society Vol 10 No 2 (2022): Society
Publisher : Laboratorium Rekayasa Sosial, Jurusan Sosiologi, FISIP Universitas Bangka Belitung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33019/society.v10i2.483

Abstract

This research aims to examine the behavior of herding investors due to the information on interest rates and trading volume. By using daily infrastructure company data on the IDX, it is found that interest rates have a negative effect, while volume has a positive effect on herding behavior. The results show that herding behavior decreases when information on interest rates is entered, while herding behavior increases when there is a trend in trading volume. These results indicate that information announced and scheduled will reduce the behavior of herding investors, such as information about interest rates. On the other hand, investor herding behavior tends to increase when information is random, such as trends in stock trading volumes.