EFEKTIFITAS KEBIJAKAN MONETER TERHADAP INFLASI DI INDONESIA
ABSTRACT: The purpose of this
research is to determine the effect of monetary policy through the discount
rate and reserve requirement by the Central Bank as well as the previous
inflation towards the inflation rate, and to investigate the effectiveness of
monetary policy through the discount rate and reserve requirement as well as
the previous inflation in influencing the rate of inflation. The data that is
used to determine the discount rate and reserve requirements affect inflation
in Indonesia is using multiple linear regression model with the approach of the
Partial Adjustment Model (PAM) and statistical (partial, simultaneous tests and
the coefficient of determination) as well as classical assumption or
econometrics (test normality, linearity, autocorrelation, multicolinearity and
heteroscedasticity). From these results, it is known that monetary policy from
the first quarter 1985 to first quarter 2010 was still less effective direct
influence on inflation, this can be known from a partial test done even though
the relationship of monetary policy is consistent with monetarist theory.
KEYWORDS: inflation, discount
rate, reserve requirement
Penulis: Andi Rachman Setyawan
Kode Jurnal: jpmanajemendd100311
