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Journal : Parahyangan Economic Development Review (PEDR)

Fiscal Policy Effect on Stock Market in ASEAN 5 Jonathan, Brian
PARAHYANGAN ECONOMIC DEVELOPMENT REVIEW Vol 3 No 1 (2024): Parahyangan Economic Development Review
Publisher : Jurusan Ilmu Ekonomi Universitas Katolik Parahyangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26593/pedr.v3i1.8825

Abstract

This research is aimed to investigate the effect of fiscal policy on the stock market in ASEAN 5. This paper takes different approach in building the framework of direct and indirect transmission. Alongside choosing ASEAN 5 as sample with the focus of economic integration and SVAR. The finding are as follow: fiscal policy have positive relation with direct transmission but negative towards stock market. Bond yield is affected positively by fiscal primary balance and has a positive impact on stock market index. Central rates have a negative impact by Primary balance but positive impact towards stock market. Lending rate also reacts negatively towards primary balance and positive towards stock market. And consumption has a negative effect on the stock market index.
Fiscal Policy Effect on Stock Market in ASEAN 5 Jonathan, Brian
PARAHYANGAN ECONOMIC DEVELOPMENT REVIEW Vol 3 No 1 (2024): Parahyangan Economic Development Review
Publisher : Jurusan Ilmu Ekonomi Universitas Katolik Parahyangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26593/pedr.v3i1.8825

Abstract

This research is aimed to investigate the effect of fiscal policy on the stock market in ASEAN 5. This paper takes different approach in building the framework of direct and indirect transmission. Alongside choosing ASEAN 5 as sample with the focus of economic integration and SVAR. The finding are as follow: fiscal policy have positive relation with direct transmission but negative towards stock market. Bond yield is affected positively by fiscal primary balance and has a positive impact on stock market index. Central rates have a negative impact by Primary balance but positive impact towards stock market. Lending rate also reacts negatively towards primary balance and positive towards stock market. And consumption has a negative effect on the stock market index.
Permintaan Uang dengan Mempertimbangkan Endogenous Money di Indonesia Jonathan, Brian; Butarbutar, Glen Oloan; Putri, Amalia Eka; Sukma, Davit Dirgantara
PARAHYANGAN ECONOMIC DEVELOPMENT REVIEW Vol 4 No 1 (2025): Parahyangan Economic Development Review
Publisher : Jurusan Ilmu Ekonomi Universitas Katolik Parahyangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26593/trj1cg14

Abstract

Dalam penelitian ini penulis bertujuan untuk melihat sisi endogenous money pada money demand di Indonesia. Terdapat perbedaan dari ekonomi yang memiliki endogenous money dengan yang tidak berdasarkan dari pemenuhan permintaan uang dari kredit. Kami memakai OLS dan menemukan bahwa di Indonesia tidak terdapat endogenous money dikarenakan peraturan perbankan. Penelitian ini juga menunjukkan model money demand yang sudah disederhanakan agar dapat diregresikan. Penelitian ini memiliki implikasi dari periode waktu hingga kurangnya tinjauan literatur.