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Pengaruh ekonomi makro dalam pergerakan nilai tukar rupiah
This paper examines empirically the impact of key macroeconomic variables on exchange rate fluctuation in Indonesia for the period 2000Q1-2015Q2 by using error correction model (ECM). To achieve the objective of this study, data was collected from secondary sources and various econometric analysis such as unit root test, Engle and Granger cointegration test, Error Correction Model (ECM) were employed. Engle and Granger conitegration test shows that there is a long run relationship cointegrated between certain key macroeconomic variables and nominal exchange rate. Error correction model shows that share prices index and external debt have significant effect on nominal exchange rate in the short-run. Interestingly, official reserve assets and oil price as well as share prices index have negative relationship with nominal exchange rate. In contrast, external debt and trade deficit affect Rupiah against US Dollar positively. Therefore, Indonesian fiscal, monetary, and financial authorities should be more focused on increasing share prices index and reducing external debt in the short-run rather than focusing on improving trade balances or increasing official reserve assets..
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Jurnal BPPK., 2016 |
|---|---|
| Edisi | - |
| Subjek | Exchange rate Macroeconomics Error correction model Cointegration |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |