Proceedings of the 5th Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-5 2020)

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Analysis of Macroprudential, Monetary and Fiscal Policy Interventions to Maintain the Economic Stability in Indonesia

Authors
Hari Setia Putra, Jemi Juneldi
Corresponding Author
Hari Setia Putra
Available Online 27 November 2020.
DOI
10.2991/aebmr.k.201126.019How to use a DOI?
Keywords
macroprudential, economic stability, vecm
Abstract

This study aims to analyze intervention of macroprudential, monetary and fiscal policy to maintain the economic stability in Indonesia. The data is used in monthly form from January 2012 to December 2019. This study uses the Vector Error Correction Model (VECM) because in the VAR model there is cointegration which indicates a long-term balance. The research process includes stationarity test, determination of Optimal Lag, Cointegration Test with Johansen test, Granger Causality Test, making VECM equations, analysis on Impulse response function (IRF) and Forecast Error Variance Decomposition (FEVD) analysis. The results showed a long-term balance between the variables analyzed, relationships among variables as well as the response of each variable when there was a change in other variables so that an optimal combination of policies was needed to maintain economic stability.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 5th Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-5 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
27 November 2020
ISBN
10.2991/aebmr.k.201126.019
ISSN
2352-5428
DOI
10.2991/aebmr.k.201126.019How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Hari Setia Putra
AU  - Jemi Juneldi
PY  - 2020
DA  - 2020/11/27
TI  - Analysis of Macroprudential, Monetary and Fiscal Policy Interventions to Maintain the Economic Stability in Indonesia
BT  - Proceedings of the 5th Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-5 2020)
PB  - Atlantis Press
SP  - 153
EP  - 168
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201126.019
DO  - 10.2991/aebmr.k.201126.019
ID  - Putra2020
ER  -