Pengaruh Tingkat Bunga SBL Terhadap Tlngkat Inflasi di Indonesia

Harunurrasyid, Harun and Yovi Noveriza, Yovi (2005) Pengaruh Tingkat Bunga SBL Terhadap Tlngkat Inflasi di Indonesia. Jurnal Kajian Ekonomi dan Bisnis , 8 (2). pp. 74-87. ISSN 1410-8038

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    Tire implemenuuion of monetary policy by using SBl's discount rate is one way to control inflation rare. However, it is questionable whether the policy instrument is significantly effective to curb the inflation rate. This study aims to analyze the effect of SBI's discount rate on inflation rate in Indonesia during periodfrom 1988 to 2003. The result ofregression analysis shows that the effect of SBTs discount rate on inflation rate is positive and significant during the periode. Even though statistically not significant; the effect was negative before economic crisis (1988-1996). in contrast, the effect is positive as well as significant since the economic crisis (1997-2003). It implies that monetary policy tends to be anticipative before economic crisis, but it tends to be more reazive since the economic crisis.

    Item Type: Article
    Uncontrolled Keywords: SEfs discount rate and inflation rate
    Subjects: H Social Sciences > HB Economic Theory
    Divisions: Faculty of Economics > Department of Economics and Development Studies
    Depositing User: Muchtar Indana
    Date Deposited: 18 Mar 2014 12:40
    Last Modified: 18 Mar 2014 12:40

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