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Macroeconomic linkage of consumer confidence in Indonesia
This study investigated macroeconomic linkage of consumer confidence in Indonesia, whether consumer confidence index in Indonesia can be explained by macroeconomic indicators in the past and owns predictive power of future state of Indonesian economy. The study used macroeconomic variables including Consumer Confidence Index (CCI), Inflation, GDP growth, Currency rate, Policy rate and Stock Price in monthly period during January 2001 ? December 2015. The model was constructed by Vector Autoregression (VAR) approach. The result shows that without holding other variables constant, CCI is co-integrated with inflation and stock price. Accordingly, it was found that CCI causes inflation, policy rate and stock price. However, when all variables interact together in one single equation, only causality from CCI at lag two against policy rate remain exists. The model result shows that consumer confidence index is unable to be explained by macroeconomic variables in the past but has predictive power toward future change of policy rate. However, although the index owns predictive power, but its magnitude of contribution to policy rate dynamics is only modest..
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Jurnal BPPK., 2016 |
|---|---|
| Edisi | - |
| Subjek | Macroeconomics Interest rate Consumer confidence Stock price |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |