Menguji Keberadaan Structural Breaks pada Transmisi Kebijakan Moneter di Indonesia

Imronjana Syapriatama • Intan Kusuma Pratiwi
Journal article Journal of Enterprise and Development • Dezembro 2019 Indonésia

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Abstract

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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Journal of Enterprise and Development

The Journal of Enterprise and Development is a scientific, peer-reviewed and open-access journal ... see more