Efektivitas Transmisi Kebijakan Moneter Melalui Quantity Channel dan Price Channel dalam Kerangka Inflation Targeting  

Oleh:

Trihadmini, Nuning

Jenis: Article from Journal - ilmiah nasional - tidak terakreditasi DIKTI - atma jaya
Dalam koleksi: Jurnal Ekonomi dan Bisnis vol. 5 no. 2 (Aug. 2005), page 153-166.
Topik: interest rate; quantity channel; monetary policy; transmission mechanism; price channel
Fulltext: NUNING TRIHADMINI.pdf (3.07MB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ100.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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According to UU No. 23, 1999 about Indonesian Bank, Indonesian Bank have one target that is attaun rupiah stability. Attainment of low inflation is a prerequisite to reaching other macroeconomic targets, i.e. economic growth and employment. Empirical and theoritical evidences indicate that inflation target can reach through Quantity Channel and Price Channel. This research aim to know of transmission line is which most having an effect to inflation and also to know long run stability among the variables in each channel. Result of this research indicate that price channel more effectove in monetary policy transmission, specified inflation target, and also there are long run eqilibrium among variables in price channel. PUAB / ON interest rate is contribute the most to inflation target, so monetary policy is important to be directed to maintain short run interest rate, in order inflation target can be reach.

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