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Estimation of the effects of the US quantitative easing policy: A case study on Indonesia’s bond market
During the 2008 Global Financial Crisis, the US adopted an unconventional monetary policy by implementing a Quantitative Easing (QE) policy to boost economic activity. However, the implementation has resulted in spillover effects to other nations. This thesis discusses the relationship between US QE and Indonesia long-term bond yield by Autoregressive Distributed Lag (ARDL) with observation starting from January 2008 to January 2022 which capture QE 1 to QE 4. The author test the robustness of the results by comparing monthly and quarterly frequency analysis. The findings show that an increase in US QE led to an increase in yields in the long-run and a decrease in the short-run. Spillover on the bond yield guide two main implications for the authority— mispricing of bond and a limitation of Bank Indonesia's monetary policy autonomy..Ada Tabel
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 13681 | PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Depok Program Studi Kelas Khusus International Fakultas Ekonomi dan Bisnis UI., 2022 |
|---|---|
| Edisi | - |
| Subjek | Spillover US Quantitative Easing Indonesia bond |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | xi, 53 p. ; diagr. ; 30 cm |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |