Kejutan Pertumbuhan Nilai Tukar Riil Terhadap Inflasi, Pertumbuhan Output, dan Pertumbuhan Neraca Transaksi Berjalan di Indonesia
This paper examines the effect of real exchange rate growth shock on the Indonesia economic performance by considering quarterly data of inflation, output growth and current account growth. We use the estimated impulse response functions and variance decomposition of VAR model to investigate the res...
| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Islam Indonesia
2009-06-01
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| Series: | Economic Journal of Emerging Markets |
| Online Access: | https://www.hmj.accounting.uii.ac.id/JEP/article/view/515 |
| _version_ | 1811325250267250688 |
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| author | Darwanto Darwanto |
| author_facet | Darwanto Darwanto |
| author_sort | Darwanto Darwanto |
| collection | DOAJ |
| description | This paper examines the effect of real exchange rate growth shock on the Indonesia economic performance by considering quarterly data of inflation, output growth and current account growth. We use the estimated impulse response functions and variance decomposition of VAR model to investigate the response of Indonesia macroeconomic to real exchange rate growth shock. The empirical evidence indicates that fluctuation of real exchange rate growth shock effects inflation and output growth, but it can not affect current account growth. Moreover, the results from the analyses suggest that the real exchange rate depreciations is contractionary that contrary to classical wisdom.
Keywords: VAR, impulse response function, variance decomposition. |
| first_indexed | 2024-04-13T14:29:51Z |
| format | Article |
| id | doaj.art-acb0fa60a27a4bbb83798ea8b454910d |
| institution | Directory Open Access Journal |
| issn | 2086-3128 2502-180X |
| language | English |
| last_indexed | 2024-04-13T14:29:51Z |
| publishDate | 2009-06-01 |
| publisher | Universitas Islam Indonesia |
| record_format | Article |
| series | Economic Journal of Emerging Markets |
| spelling | doaj.art-acb0fa60a27a4bbb83798ea8b454910d2022-12-22T02:43:13ZengUniversitas Islam IndonesiaEconomic Journal of Emerging Markets2086-31282502-180X2009-06-01121Kejutan Pertumbuhan Nilai Tukar Riil Terhadap Inflasi, Pertumbuhan Output, dan Pertumbuhan Neraca Transaksi Berjalan di IndonesiaDarwanto DarwantoThis paper examines the effect of real exchange rate growth shock on the Indonesia economic performance by considering quarterly data of inflation, output growth and current account growth. We use the estimated impulse response functions and variance decomposition of VAR model to investigate the response of Indonesia macroeconomic to real exchange rate growth shock. The empirical evidence indicates that fluctuation of real exchange rate growth shock effects inflation and output growth, but it can not affect current account growth. Moreover, the results from the analyses suggest that the real exchange rate depreciations is contractionary that contrary to classical wisdom. Keywords: VAR, impulse response function, variance decomposition.https://www.hmj.accounting.uii.ac.id/JEP/article/view/515 |
| spellingShingle | Darwanto Darwanto Kejutan Pertumbuhan Nilai Tukar Riil Terhadap Inflasi, Pertumbuhan Output, dan Pertumbuhan Neraca Transaksi Berjalan di Indonesia Economic Journal of Emerging Markets |
| title | Kejutan Pertumbuhan Nilai Tukar Riil Terhadap Inflasi, Pertumbuhan Output, dan Pertumbuhan Neraca Transaksi Berjalan di Indonesia |
| title_full | Kejutan Pertumbuhan Nilai Tukar Riil Terhadap Inflasi, Pertumbuhan Output, dan Pertumbuhan Neraca Transaksi Berjalan di Indonesia |
| title_fullStr | Kejutan Pertumbuhan Nilai Tukar Riil Terhadap Inflasi, Pertumbuhan Output, dan Pertumbuhan Neraca Transaksi Berjalan di Indonesia |
| title_full_unstemmed | Kejutan Pertumbuhan Nilai Tukar Riil Terhadap Inflasi, Pertumbuhan Output, dan Pertumbuhan Neraca Transaksi Berjalan di Indonesia |
| title_short | Kejutan Pertumbuhan Nilai Tukar Riil Terhadap Inflasi, Pertumbuhan Output, dan Pertumbuhan Neraca Transaksi Berjalan di Indonesia |
| title_sort | kejutan pertumbuhan nilai tukar riil terhadap inflasi pertumbuhan output dan pertumbuhan neraca transaksi berjalan di indonesia |
| url | https://www.hmj.accounting.uii.ac.id/JEP/article/view/515 |
| work_keys_str_mv | AT darwantodarwanto kejutanpertumbuhannilaitukarriilterhadapinflasipertumbuhanoutputdanpertumbuhanneracatransaksiberjalandiindonesia |