Does Monetary Policy Respond to Macroeconomic Shocks? Evidence from Indonesia

Does Monetary Policy Respond to Macroeconomic Shocks? Evidence from Indonesia

The activist policy is believed by policymakers and economists that monetary policy can respond to macroeconomic shocks to stabilize the economy. This study aims to find evidence and discuss the response of monetary policy to macroeconomic shocks. For this reason, the effects of GDP shocks, inflatio...

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Bibliographic Details
Main Authors: Arintoko Arintoko, Nunik Kadarwati
Format: Article
Language:English
Published: Universitas Muhammadiyah Yogyakarta 2022-10-01
Series:Jurnal Ekonomi & Studi Pembangunan
Subjects:
monetary policy
macroeconomic shocks
vector error correction model
policy interest rates
monetary policy stance
Online Access:https://journal.umy.ac.id/index.php/esp/article/view/14881

Internet

https://journal.umy.ac.id/index.php/esp/article/view/14881

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