Menguji keberadaan structural breaks pada transmisi kebijakan moneter di Indonesia

Authors

  • Imronjana Syapriatama Universitas Islam Negeri Mataram, Indonesia
  • Intan Kusuma Pratiwi Universitas Islam Negeri Mataram, Indonesia

DOI:

https://doi.org/10.20414/jed.v1i02.969

Keywords:

monetary transmission, structural breaks, structural VAR

Abstract

Purpose — This paper investigates the presence of structural breaks in order to determine the regime shift in case of Indonesia economy.
Research method — We use the Bai-Perron (2003) to test the breaks within the period of January 2014 – December 2018 and Structural Vector Autoregression (VAR) to generate the model constructed to analyze the monetary transmission mechanism.
Result — The result shows that there are four significant structural breaks while SVAR shows the negative relationship between SBIS and the Output and a negative relationship between PUAS and Inflation

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References

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Published

2019-12-02

Issue

Vol. 1 No. 2 (2019): Journal of Enterprise and Development (JED)

Section

Original Articles

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Copyright (c) 2019 Journal of Enterprise and Development

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