Menguji keberadaan structural breaks pada transmisi kebijakan moneter di Indonesia
DOI:
https://doi.org/10.20414/jed.v1i02.969Keywords:
monetary transmission, structural breaks, structural VARAbstract
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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