PENGARUH INFLASI, HARGA MINYAK MENTAH DAN SUKU BUNGA THE FED TERHADAP SUKU BUNGA BANK INDONESIA

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 31 Oct 2017Publisher:Faculty of Economics and Business - Universitas Sultan Ageng TirtayasaJournal:Jurnal Ekonomi-Qu, volume 7 (issn: 2089-4473, eissn: 2541-1314,

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Authors: Elisabeth Maria Saru Dua Moong; Sugeng Setyadi; M. Sabeth Abilawa;

doi: 10.35448/jequ.v7i2.4963

PENGARUH INFLASI, HARGA MINYAK MENTAH DAN SUKU BUNGA THE FED TERHADAP SUKU BUNGA BANK INDONESIA

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Abstract

The aim of this research is to prove the influence of inflation, crude oil price and Fed Fund Rate to BI Rate. The data are monthly time series from 2010:01-2016:06. The data are collected from Bank Indonesia, Indonesia Ministry of Energy and Mineral Resources and Federal Reserve Bank of St. Louis. Methodology of this research used Error Correction Model (ECM). The result show that simultaneous test (F-test) indicating that inflation, crude oil price and Fed Fund Rate have significant effect on BI Rate simultaneously. Partial test (t-test) indicating that inflation have significant and positive effect on BI Rate, while crude oil price and Fed Fund Rate have significant and negative effect on BI Rate in long term. While in the short term indicating that Fed Fund Rate have significant and negative effect on BI Rate. Inflation and crude oil price have insignificant effect on BI Rate in the short term.

Related Organizations

Sultan Ageng Tirtayasa University
Indonesia
Sultan Ageng Tirtayasa University
Indonesia

Keywords

Regional economics. Space in economics, inflation, crude oil price, fed fund rate, bi rate, error correction model, Economics as a science, HT388, HB71-74

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