Journal of Economics and Regional Science
Vol 1 No 1 (2021): Edisi Maret 2021

Covid-19 Pandemic: The Study for Reserve Requirement of Indonesia

Dewi Mahrani Rangkuty (Universitas Pembangunan Panca Budi)
Hidayati Purnama Lubis (Universitas Pembangunan Panca Budi)



Article Info

Publish Date
01 Apr 2021

Abstract

The Covid-19 pandemic has had an impact on the Indonesian economy. The purpose of this study was to analyze the causality and balanced relationship in the long term between RR, IR and INF variables during the Covid-19 pandemic. With the Granger Causality and Johansen Cointegration test methods, the results showed that there is a long-term balance between RR, IR and INF. RR and IR are one-way causality relationships, IR and INF are one-way causality relationships. There is no causality relationship between IR and RR and vice versa during the Covid-19 pandemic. The RR policy affects the determination of IR and IR affecting Indonesia's INF during the Covid-19 pandemic. To reduce the inflation rate during the pandemic, Bank Indonesia needs to implement RR policy through the determination of interest rates.

Copyrights © 2021






Journal Info

Abbrev

jurnal-esensi

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Economics and Regional Science publishes empirical research or conceptual articles in the field of regional economics and economics. This journal serves as a forum for academics, researchers, scientists and other authors to share their views on regional economics and economics, as well as ...