Pengujian Netralitas Uang Dan Inflasi Jangka Panjang Di Indonesia

Arintoko, Arintoko

doi:10.21098/bemp.v14i1.457

Cited by 3 publications

(4 citation statements)

References 7 publications

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“…Setelah pernyataan netralitas uang, kemudian muncul istilah dikotomi klasik (classical dichotomy), atau pemisahan antara variabelvariabel nominal dengan variabel -variabel riil karena perbedaan kekuatan yang memengaruhi kedua jenis variabel tersebut. Dalam ekonomi, isu mengenai netralitas uang ini penting kaitannya dengan variabel nominal dan variabel riil karena keduanya merupakan tujuan akhir dari kebijakan moneter (Arintoko, 2011), Pandangan Klasik mengenai netralitas uang mendapat kritik dari Keynes. Keynesian meyakini bahwa perubahan dalam jumlah uang beredar akan memberikan pengaruh terhadap variabel riil dalam hal ini output riil untuk jangka pendek, meskipun dalam jangka panjang perubahan jumlah uang beredar akan memengaruhi inflasi.…”

Section: Pendahuluanunclassified

“…Selain itu, Fisher and Seater (1993) juga melakukan penelitian di Amerika Serikat dengan hasil bahwa dalam jangka panjang netralitas uang berlaku. Di Indonesia, studi empiris mengenai netralitas uang juga dilakukan oleh Arintoko (2011), dengan hasil netralitas uang tidak berlaku di Indonesia dalam jangka panjang, karena ternyata jumlah uang beredar M1 dan M2 berpengaruh terhadap PDB riil di Indonesia.…”

Section: Pendahuluanunclassified

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Analisis Netralitas Uang di Indonesia Tahun 1995.1 – 2017.2

Salaamah

Firmansyah

2020

indicators

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This study aimed to analyze the effect of currency money, demand deposit money, and quasy money to price level and real output in Indonesia. This study uses time series data period 1995.1 -2017.2. The analysis tools using Error Correction Model (ECM). The result of study showing there are any significant effect of changes currency money, and demand deposit money to price level and real output. On the other hand, changes in quasy money doesn't have significant effect on real output. Separately, this showing if currency money and demand deposit are not neutral for real output and quasy money are neutral for real output. But, in general it can be concluded that neutrality of money is not applicable in Indonesia during the study period.

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Section: Pendahuluanunclassified

Analisis Netralitas Uang di Indonesia Tahun 1995.1 – 2017.2

Salaamah

Firmansyah

2020

indicators

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“…Isu keberadaan netralitas uang terhadap variabel ekonomi riil terutama dalam pertumbuhan ekonomi menjadi isu terhangat dalam konteks kebijakan moneter (Arintoko, 2011) [1]. Dampak Kebijakan moneter terhadap variabel riil menjadi isu penting dalam konteks teoritis maupun empiris (Chamley, C. And Polemarchakis H, 1984) [2].…”

Section: Pendahuluanunclassified

Analisis Netralitas Uang Terhadap Siklus Bisnis Riil di Indonesia Periode 2011. M1- 2013. M12

Hasan

Viphindrartin

Adenan

2017

eJEBA

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The phenomenon of the neutrality of money in various countries invited economists determines its existence. Neutrality ofmoney is being debated throughout history until this time in economics. The debate became two mahzab economic is mahzabof Classic and schools of Keynes. The findings of the neutrality of money by the camp Classic, bringing new discourse ineconomics, especially monetary economics. However, the flow Keynes against the neutrality of money is also a new discoursein the field of monetary economics. The aim of the study to determine the existence of neutrality of money against economicgrowth in Indonesia, besides of simulation models goal of this study to determine the relationship of exchange rates, inflationand 1-month SBI rate to economic growth in Indonesia. The analysis method used is Ordinary Least Square (OLS) with theestablishment of model simulation and analysis of descriptive narrative. Results clause analysis with Ordinary Least Squaremethod (OLS) on model simulations indicate that the neutrality of money is not applicable in Indonesia, as well as simulationmodels in line with the 1-month SBI interest rate and the nominal exchange rate have a significant effect. While inflation stillshows the same dominant relationship. Descriptive narrative analysis gives an overview of the non-neutrality of money inIndonesia, so there needs to be an analysis or monitoring on the growth of the money supply M2.

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“…Puah et al (2006) found that there was no long-term money neutrality for Malaysian state. A study by Ekomie (2013) also found that long-term money neutrality did not apply to all EMCCA countries, and then the research of Arintoko (2011) found that long-term money neutrality also does not occur in Indonesia.…”

Section: Introductionmentioning

confidence: 99%

The Testing of Money Neutrality in Economic Growth of Indonesia

Sun'an

Husen

2017

MEC-J

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This study aim is to test the money neutrality in a narrow sense (M1) and a broad sense (M2) to the growth of output (GDP) in Indonesia, both in short term and long term. This research uses quarterly time series data at 2010 -2016 periods. The analysis tool used is Error Correction Model (ECM). The results show that shortterm money supply (M1 and M2) affect on output growth. However, in the long term, only money circulation in a broad sense (M2) affects on output growth, which also means that money is not neutral because it affects the real sector (GDP).

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Pengujian Netralitas Uang Dan Inflasi Jangka Panjang Di Indonesia

Cited by 3 publications

References 7 publications

Analisis Netralitas Uang di Indonesia Tahun 1995.1 – 2017.2

Analisis Netralitas Uang di Indonesia Tahun 1995.1 – 2017.2

Analisis Netralitas Uang Terhadap Siklus Bisnis Riil di Indonesia Periode 2011. M1- 2013. M12

The Testing of Money Neutrality in Economic Growth of Indonesia

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