Nadia Restu Utami
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Deciphering the Factors Influencing Labour Underutilization Between Women and Men in West Java, Indonesia Tjitrajaya, Yohanes Andika Tjitrajaya; Sihombing, Riris Sira Torsina Sihombing; Nadia Restu Utami
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 8, No. 2, June 2024
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v8i2.227-252

Abstract

Exploring unequal employment opportunities, remains a compelling subject, especially in developing countries like Indonesia. West Java as a province in Indonesia exhibits a higher rate of labour underutilization, particularly in the categories of unemployment and underemployment. While numerous studies have focused on highlighting the consequences of labour underutilization on country's development outcomes and individual well-being, this study aims to investigate the determinants of employment outcomes, considering both supply and demand sides at the individual level. Utilizing data from the Indonesian Labour Force Survey (Sakernas) in August 2022, this study used separate multinomial logistic models for women and men. In general, the result indicates that gender bias still pronounced in the West Java’s labour market attachments. This study puts forth actionable policy recommendations such as educational campaigns to challenge entrenched gender norms, targeted skills development programs tailored to women, and improved access to childcare services to facilitate maternal workforce participation.
The Interaction Between Monetary and Macroprudential Policy to Achieve Price and Financial Stability: An Evidence from Indonesia Nadia Restu Utami; Nia Yustiana; Ferinda Nafisa; Sigiro, Ely Elprida
Contemporary Public Administration Review Vol. 3 No. 1 (2025): Contemporary Public Administration Review (CoPAR)
Publisher : Department of Public Administration, Parahyangan Catholic University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26593/copar.v3i1.9432

Abstract

The 1998 Asian Financial Crisis was a milestone in the existence of structural policy reforms in the Indonesian financial sector. Most of the empirical results show that the financial crisis was caused by the lack of soundness and instability of the financial sector. This problem changed the perspective of Bank Indonesia, the central bank in Indonesia, that financial stability is as important as price stability. This highlights the need for the central bank to also ensure financial stability, while monetary policy focuses on price stability and economic growth. However, achieving these goals does not always ensure financial stability. To address systemic risk, Indonesia has begun adopting macroprudential policies. Thus, monetary policy cannot secure both price and financial stability, and a policy mix with macroprudential measures is needed to achieve both price and financial stability. This research examines the relationship between monetary and macroprudential policies and their effects on stability. Monetary policy was measured by the BI Rate and macroprudential policy was measured by Loan to Value (LTV). Price stability was proxied by inflation, and financial stability by credit growth. We analyzed the causality between the variables using the Vector Autoregression Model (VAR) and Granger Causality Test, using quarterly time series data from 2005:Q1 to 2018:Q3. The findings indicate that monetary and macroprudential policies significantly affect price and financial stability. Empirical findings show that tightening the BI rate and LTV significantly reduces inflation and credit growth. This paper highlights the need for a policy mix to ensure price and financial stability.
The Interaction Between Monetary and Macroprudential Policy to Achieve Price and Financial Stability: An Evidence from Indonesia Nadia Restu Utami; Nia Yustiana; Ferinda Nafisa; Sigiro, Ely Elprida
Contemporary Public Administration Review Vol. 3 No. 1 (2025): Contemporary Public Administration Review (CoPAR)
Publisher : Department of Public Administration, Parahyangan Catholic University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26593/copar.v3i1.9432

Abstract

The 1998 Asian Financial Crisis was a milestone in the existence of structural policy reforms in the Indonesian financial sector. Most of the empirical results show that the financial crisis was caused by the lack of soundness and instability of the financial sector. This problem changed the perspective of Bank Indonesia, the central bank in Indonesia, that financial stability is as important as price stability. This highlights the need for the central bank to also ensure financial stability, while monetary policy focuses on price stability and economic growth. However, achieving these goals does not always ensure financial stability. To address systemic risk, Indonesia has begun adopting macroprudential policies. Thus, monetary policy cannot secure both price and financial stability, and a policy mix with macroprudential measures is needed to achieve both price and financial stability. This research examines the relationship between monetary and macroprudential policies and their effects on stability. Monetary policy was measured by the BI Rate and macroprudential policy was measured by Loan to Value (LTV). Price stability was proxied by inflation, and financial stability by credit growth. We analyzed the causality between the variables using the Vector Autoregression Model (VAR) and Granger Causality Test, using quarterly time series data from 2005:Q1 to 2018:Q3. The findings indicate that monetary and macroprudential policies significantly affect price and financial stability. Empirical findings show that tightening the BI rate and LTV significantly reduces inflation and credit growth. This paper highlights the need for a policy mix to ensure price and financial stability.