THE DETERMINANTS OF INFLATION IN INDONESIA: PARTIAL ADJUSTMENT MODEL APPROACH

Inflation is one of the economic issues that always being targeted by the government, particularly central bank because it could adversely influence the economy. For the past view years, the inflation targeting framework as the part of monetary policy has been successfully implemented where the inte...

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Autores principales:	Yosefina Don Sama Lelo, Rini Dwi Astuti, Sri Suharsih
Formato:	article
Lenguaje:	EN
Publicado:	Universitas Muhammadiyah Yogyakarta 2018
Materias:	inflation monetary policy pam Economic theory. Demography HB1-3840
Acceso en línea:	https://doaj.org/article/b48fc1a396e04872a1f9ed881f834dc1
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spelling	oai:doaj.org-article:b48fc1a396e04872a1f9ed881f834dc12021-12-02T11:03:51ZTHE DETERMINANTS OF INFLATION IN INDONESIA: PARTIAL ADJUSTMENT MODEL APPROACH1411-99002541-5506https://doaj.org/article/b48fc1a396e04872a1f9ed881f834dc12018-10-01T00:00:00Zhttps://journal.umy.ac.id/index.php/esp/article/view/4755https://doaj.org/toc/1411-9900https://doaj.org/toc/2541-5506Inflation is one of the economic issues that always being targeted by the government, particularly central bank because it could adversely influence the economy. For the past view years, the inflation targeting framework as the part of monetary policy has been successfully implemented where the interest rate is the operational target. In view of past investigations, there are fundamental factors that affect inflation, for example, interest rate, exchange rate, and money supply. This study aims to evaluate the impact of those factors on inflation both in the short and long run. The estimation uses monthly data from January 2013 to November 2017, which was obtained from Indonesian Banking statistics. The use of Partial Adjustment Model illustrates how interest rates, exchange rate, and money supply negatively and significantly affect inflation on both short and long run. This regression result is consistent with the finding of previous studies which strengthen the evidence that the government should maintain the inflation rate through those variables.Yosefina Don Sama LeloRini Dwi AstutiSri SuharsihUniversitas Muhammadiyah Yogyakartaarticleinflationmonetary policypamEconomic theory. DemographyHB1-3840ENJurnal Ekonomi & Studi Pembangunan, Vol 19, Iss 2, Pp 157-166 (2018)
institution	DOAJ
collection	DOAJ
language	EN
topic	inflation monetary policy pam Economic theory. Demography HB1-3840
spellingShingle	inflation monetary policy pam Economic theory. Demography HB1-3840 Yosefina Don Sama Lelo Rini Dwi Astuti Sri Suharsih THE DETERMINANTS OF INFLATION IN INDONESIA: PARTIAL ADJUSTMENT MODEL APPROACH
description	Inflation is one of the economic issues that always being targeted by the government, particularly central bank because it could adversely influence the economy. For the past view years, the inflation targeting framework as the part of monetary policy has been successfully implemented where the interest rate is the operational target. In view of past investigations, there are fundamental factors that affect inflation, for example, interest rate, exchange rate, and money supply. This study aims to evaluate the impact of those factors on inflation both in the short and long run. The estimation uses monthly data from January 2013 to November 2017, which was obtained from Indonesian Banking statistics. The use of Partial Adjustment Model illustrates how interest rates, exchange rate, and money supply negatively and significantly affect inflation on both short and long run. This regression result is consistent with the finding of previous studies which strengthen the evidence that the government should maintain the inflation rate through those variables.
format	article
author	Yosefina Don Sama Lelo Rini Dwi Astuti Sri Suharsih
author_facet	Yosefina Don Sama Lelo Rini Dwi Astuti Sri Suharsih
author_sort	Yosefina Don Sama Lelo
title	THE DETERMINANTS OF INFLATION IN INDONESIA: PARTIAL ADJUSTMENT MODEL APPROACH
title_short	THE DETERMINANTS OF INFLATION IN INDONESIA: PARTIAL ADJUSTMENT MODEL APPROACH
title_full	THE DETERMINANTS OF INFLATION IN INDONESIA: PARTIAL ADJUSTMENT MODEL APPROACH
title_fullStr	THE DETERMINANTS OF INFLATION IN INDONESIA: PARTIAL ADJUSTMENT MODEL APPROACH
title_full_unstemmed	THE DETERMINANTS OF INFLATION IN INDONESIA: PARTIAL ADJUSTMENT MODEL APPROACH
title_sort	determinants of inflation in indonesia: partial adjustment model approach
publisher	Universitas Muhammadiyah Yogyakarta
publishDate	2018
url	https://doaj.org/article/b48fc1a396e04872a1f9ed881f834dc1
work_keys_str_mv	AT yosefinadonsamalelo thedeterminantsofinflationinindonesiapartialadjustmentmodelapproach AT rinidwiastuti thedeterminantsofinflationinindonesiapartialadjustmentmodelapproach AT srisuharsih thedeterminantsofinflationinindonesiapartialadjustmentmodelapproach AT yosefinadonsamalelo determinantsofinflationinindonesiapartialadjustmentmodelapproach AT rinidwiastuti determinantsofinflationinindonesiapartialadjustmentmodelapproach AT srisuharsih determinantsofinflationinindonesiapartialadjustmentmodelapproach
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THE DETERMINANTS OF INFLATION IN INDONESIA: PARTIAL ADJUSTMENT MODEL APPROACH

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