ENDOGENEITY OF INDONESIAN MONEY SUPPLY
Rachma, Meutia Safrina
- Publisher: Universitas Islam Indonesia
Economic Journal of Emerging Markets
(issn: 2502-180X, eissn: 2086-3128)
HB71-74 | Economics as a science
There has been a long debate about the endogeneity of money supply. The main objective of this article is to identify whether money supply in Indonesia is an exogenous or an endogenous variable. Using a Vector Autoregressive model and monthly data 1997(5)-2010(6), the e...