Dual Monetary System and Macroeconomic Performance in Indonesia

Sri Herianingrum and Imronjana Syapriatama (2016) Dual Monetary System and Macroeconomic Performance in Indonesia. Jurnal Ekonomi Syariah Al-Iqtishad, 8 (1). pp. 65-80. ISSN 2087-135X

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Abstract

This research aims to evaluate the impact of dual monetary policy shock on macroeconomic indicators of Indonesia: growth and inflation. In addition, this study will also examine whether conventional monetary policy has a particular impact upon Islamic banking sector. This research apply VAR (vector auto regressive) method on monthly data from Bank Of Indonesia during the period of January 2010 to December 2013. The result of IRF explain that the interest rate channel find the hard way to accomplished the macroeconomic goals while the Islamic monetary instrument indicates the potential growth of output and hold the inflation low. The result of VDC describes that the Islamic instrument still affected by conventional monetary policy because of slow development in Islamic monetary system.

Item Type: Article
Uncontrolled Keywords: Dual monetary policy; Macroeconomics; VAR
Subjects: H Social Sciences > HB Economic Theory > HB172.5 - Macroeconomics
H Social Sciences > HG Finance > HG3810-4000 Foreign exchange. International finance. International monetary system
Divisions: 04. Fakultas Ekonomi dan Bisnis > Ekonomi Syariah
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Creators:
CreatorsEmail
Sri Herianingrumsriheria@yahoo.co.id
Imronjana SyapriatamaUNSPECIFIED
Depositing User: Ika Rudianto
Date Deposited: 08 May 2017 18:35
Last Modified: 08 May 2017 18:35
URI: http://repository.unair.ac.id/id/eprint/57238
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