Analisis Pasar Uang Pada Model Mundell-Fleming Pada Perekonomian Indonesia (Tahun 2010-2017)

Money Market Analysis on the Mundell-Fleming Model in the Indonesian Economy (2010-2017)

Martin Purba

MPRA Paper from University Library of Munich, Germany

Abstract: The Indonesian economy at this time is inseparable from the economic crisis that occurred in the international market. The government as a fiscal policy maker and Bank Indonesia as a monetary policy maker must be able to take appropriate policies to safeguard economic conditions if there is economic pressure from outside. Money market analysis to discuss the relationship between the interest rate and the level of income that appears on the money market. This study uses quarterly data from 2010-2017, using the two-stage least square simultaneous equation model. The results of this study show that domestic interest rates and inflation do not have a significant effect on changes in Indonesia's GDP, the money supply has an impact on Indonesia's GDP per capita increase, inflation expectations have no effect on changes in Indonesia's GDP, the money supply has an effect on increasing levels Domestic interest and the FED (Federal Reserve System) interest rate influence the decline in domestic interest rates.

Keywords: Gross Domestic Product; Domestic Interest Rate; Money Supply (m2); Inflation; FED interest rate; Inflation Expectation (search for similar items in EconPapers)
JEL-codes: E00 E31 E37 E41 E43 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-mac and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Jurnal Ilmiah Maksitek 3.3(2018): pp. 16-27

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/97409/1/MPRA_paper_97409.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:97409

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().