Analisis Kausalitas Kebijakan Fiskal Ekspansif, Kebijakan Moneter Ekspansif dan Pertumbuhan Ekonomi di Indonesia

Fadhliah Yuniwinsah (Universitas Negeri Padang)
Ali Anis (Universitas Negeri Padang)

Jurnal Kajian Ekonomi dan Pembangunan
Vol 2, No 1 (2020): Jurnal Kajian Ekonomi dan Pembangunan

This study examined the causality between expansionary fiscal policy, expansionary monetary policy and economic growth in Indonesia’s using a time series data with vector autoregression model (VAR) in the period of 1969-2018. The results of this study showed that are there is no causality between expansionary fiscal policy and expansionary monetary policy but there one-way relationship between them, it is the expansionary monetary policy gives influence to expansionary fiscal policy. There is no causality between expansionary fiscal policy and economic growth but there one-way relationship between them, It is economic growth gives influence to expansionary fiscal policy. And there is no causality between expansionary monetary policy and economic growth but there one-way relationship between them, it is economic growth gives influence to expansionary monetary policy.