Open AccessMenguji keberadaan structural breaks pada transmisi kebijakan moneter di Indonesia
Author(s) -
Imronjana Syapriatama,
Intan Kusuma Pratiwi
Publication year - 2019
Publication title -
journal of enterprise and development
Language(s) - English
Resource type - Journals
eISSN - 2715-3118
pISSN - 2685-8258
DOI - 10.20414/jed.v1i02.969
Subject(s) - vector autoregression , economics , inflation (cosmology) , structural break , transmission (telecommunications) , econometrics , order (exchange) , structural vector autoregression , monetary economics , monetary policy , physics , computer science , telecommunications , finance , theoretical physics
Purpose — This paper investigates the presence of structural breaks in order to determine the regime shift in case of Indonesia economy.Research method — We use the Bai-Perron (2003) to test the breaks within the period of January 2014 – December 2018 and Structural Vector Autoregression (VAR) to generate the model constructed to analyze the monetary transmission mechanism.Result — The result shows that there are four significant structural breaks while SVAR shows the negative relationship between SBIS and the Output and a negative relationship between PUAS and Inflation