Economic Development Analysis Journal
Vol 13 No 2 (2024): Economics Development Analysis Journal

The Impact of U.S. Quantitative Research Policy on Asian Macroeconomics

Anna Yulianita (Department of Economic Development, Sriwijaya University, Indonesia)
Siti Rohima (Department of Economic Development, Sriwijaya University, Indonesia)
Yunisvita Yunisvita (Department of Economic Development, Sriwijaya University, Indonesia)



Article Info

Publish Date
19 Jul 2024

Abstract

U.S. Quantitative Research policies significantly impact economic variables in Asia-Pacific, including inflation, interest rates, unemployment, and exchange rate depreciation, but the causal relationship remains unclear. Understanding these policies' impact is important for economic stability and growth amid global uncertainty. Using data from the World Bank and IMF, Granger's causality analysis was used to uncover the relationships between these variables. The findings show that U.S. inflation is unrelated to unemployment in the Asia-Pacific, but The Fed's interest rates correlate with inflation and unemployment in the region. Rising US interest rates could have a negative impact on unemployment, especially for countries that depend on foreign capital or have strong economic ties with the U.S. Policy recommendations include enhancing regional cooperation, implementing efficient monetary policy, diversifying the economy, investing in workforce education and training, and evaluating U.S. policies to maintain economic stability in the Asia-Pacific.

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Journal Info

Abbrev

edaj

Publisher

Subject

Economics, Econometrics & Finance

Description

Focus and Scope Economic Development Analysis Journal is a scientific journal who published by Department of Economic Development, Faculty of Economics, Universitas Negeri Semarang, Indonesia. this journal published four times per year on February, May, August, and November and start publishing ...