The nexus of monetary policy and economic growth: Empirical study from Indonesia

This study investigates the short and long-term relationships between monetary policy economic growth in Indonesia. The vector error correction model (VECM) applies to tackle research objective use quarterly data from 2004 2019. result shows a significant negative effect of inflation term, other variables are insignificant. Inflation exchange rate have positive impact long money supply has coefficient. Besides, interest rates do not significantly affect Indonesia's growth. Findings on good indication; we argue that this anomaly needs be taken seriously by authorities maintain stability sustainable