Fuddin, MuhammadKhoirul (2014) Efektivitas Mekanisme Transmisi Kebijakan Moneter Negara ASEAN 5. Magister thesis, Universitas Brawijaya.
Abstract
Penelitian ini membahasa jalur mekanisme transmisi kebijakan moneter uang, kredit, suku bunga dan nilai tukar yang terdapat di negara-negara ASEAN 5. Tujuan dari penelitian ini untuk melihat efektivitas mekanisme transmisi kebijakan moneter di negara-negara ASEAN 5 yang dapat menggambarkan dan menjelaskan sasaran ultimate object yaitu pertumbuhan ekonomi dan inflasi. Alat analisis yang digunakan dalam penelitian ini adalah Vector Error Correction Model (VECM) dimana menggunakan impulse respons dan varian decomposition dalam menentukan tingkat efektivitas mekanisme transmisi kebijakan moneter. Hasil menjelaskan bahwa pertumbuhan ekonomi di Indonesia dapat dijelaskan oleh jalur kredit, negara Malaysia dan Filipina tingkat pertumbuhan ekonomi dapat dijelaskan oleh jalur suku bunga, tingkat pertumbuhan ekonomi Singapura dapat dijelaskan oleh jalur nilai tukar, sedangkan pertumbuhan ekonomi Thailand dijelaskan oleh jalur uang/moneter. Untuk inflasi yang terjadi di Indonesia dapat dijelaskan oleh jalur suku bunga, jalur nilai tukar mampu menjelaskan keadaan inflasi di negara Malaysia, Singapura dan Thailand, sedangkan keadaan inflasi di Filipina mampu dijelaskan oleh jalur uang/moneter.
English Abstract
This study explain the channel of monetary policy transmission mechanism of money, credit, interest rate and exchange rate contained in the state - the ASEAN 5 countries. The purpose of this study to see the effectiveness of the transmission mechanism of monetary policy in the country - the ASEAN 5 countries that can describe and explain the object that is the ultimate goal of economic growth and inflation. The analytical tool used in this study is Vector Error Correction Model (VECM) which uses impulse response and variance decomposition in determining the effectiveness of monetary policy transmission mechanism. The results explained that Indonesia`s economic growth can be explained by a channel of credit, Malaysia and the Philippines of economic growth can be explained by the interest rate channel. Singapore`s economic growth can be explained by the exchanged rate channel, while the growth of the Thailand economy is described by the channel of money/monetary. For inflation that occurred in Indonesia can be explained by the interest rate channel, exchange rate channel is able to explain the inflation situation in the country of Malaysia, Singapore and Thailand, while the inflation situation in the Philippines is able to be explained by the channel of money.
| Item Type: | Thesis (Magister) |
|---|---|
| Identification Number: | TES/332.46/FUD/e/041403599 |
| Subjects: | 300 Social sciences > 332 Financial economics > 332.4 Money |
| Divisions: | S2/S3 > Magister Manajemen, Fakultas Ekonomi dan Bisnis |
| Depositing User: | Endro Setyobudi |
| Date Deposited: | 15 Aug 2014 12:46 |
| Last Modified: | 15 Aug 2014 12:46 |
| URI: | http://repository.ub.ac.id/id/eprint/155743 |
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