AERO MOZAIKO, 040418868 (2009) ANALISIS KAUSALITAS INTERAKSI KEBIJAKAN MONETER DAN KEBIJAKAN FISKAL TERHADAP PERTUMBUHAN EKONOMI DAN INFLASI DI INDONESIA. Skripsi thesis, UNIVERSITAS AIRLANGGA.
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Abstract
There are a lot of controversies among scientist and decision makers about the interaction between monetary and fiscal policis for several years. Monetary policies are used for achieve the price stabilization maintance targets. In the other side, fiscal policies were implementing to achieve the economic growth. The main problems is the trade off between price stabilization and economic growth, especially in short run. High fiscal deficits could increasesd the inflation rate, as the inflation increase the economic growth will decrease. This research using the granger causality that had been combined with Final Prediction Error (FPE) by Hsiao. From this method, I’ve found that the 3 month deposit rate variable was affected by the inflation rate, government expenditure and economic growth variables. The 3 month deposit rate and economic growrh have a bidirectional correlations. The government expenditures variable highly affected to inflation rate.
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