Transmission Mechanism of Monetary Policy Through Asset Price and Exchange Rate Channel in Indonesia
نویسندگان
چکیده
Many studies have been related to monetary policy transmission toward economic growth targets. However, research on by including bond yields as a channel has never done in Indonesia. Therefore, this study will analyze the effectiveness of through compared asset price and exchange rate channels. This uses secondary data obtained from Central Bureau Statistics (BPS), Indonesia Stock Exchange (IDX), Indonesian Economic Financial (SEKI) Bank Indonesia, website investing.com. The analysis technique used is Vector Autoregression (VARs). Based results, relatively effective stock channel. It because variables prices only take one month respond permanently policy, but contribution between still low. In yield channel, response shown temporary, weak, so two channels are ineffective transmitting with target
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ژورنال
عنوان ژورنال: JIET (Jurnal Ilmu Ekonomi Terapan)
سال: 2023
ISSN: ['2528-1879']
DOI: https://doi.org/10.20473/jiet.v8i1.44316