Menguji Keberadaan Structural Breaks pada Transmisi Kebijakan Moneter di Indonesia

Imronjana Syapriatama • Intan Kusuma Pratiwi
Journal article Journal of Enterprise and Development • Desember 2019 Indonesia

Unduh teks lengkap
(6 pages)

Abstrak

This paper investigates the present of structural breaks in order to determine the regime shift in case of Indonesia economy. We use the Bai-Perron (2003) to test the breaks within period of Januari 2014 – Desember 2018. We also use Structural Vector Autoregression (VAR) to generate the model which constructed to analyze monetary transmission mechanism. The result shows that there are 4 significant structural breaks while SVAR shows the negative relationship between SBIS and the Output and negative relationship between PUAS and Inflation.

 

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Jurnal

Journal of Enterprise and Development

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