Inflatin Targeting Framework (ITF) and Indonesia Stable Market Index

Lubis, Iman and Syamruddin, Syamruddin and Astuti, Eni Puji and Pemana, Amipriyadi Gerha (2020) Inflatin Targeting Framework (ITF) and Indonesia Stable Market Index. In: ICASI 2020, 20 June 2020, Medan, Indonesia.

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Abstract

The objective is linking the monetary policy to stable price indexes market in Indonesia. The monetary policies are BI rate (BI rate 7 days Repo) and Inflation. Meanwhile, Stable price market indexes are FTSE Indonesia, 30 Index, Development Board Index, Miscellaneous Index, Sharia Index, and LQ-45 Index. The method is used Markov Switching 2 Regimes. The data are monthly 5 years behind from March 2015 to February 2020. The results are that only can inflation negatively affect bearish markets and can BI rate negatively influence bullish markets.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: markov switching regime; stable price; and index market;
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: EAI Editor IV
Date Deposited: 21 Apr 2021 09:51
Last Modified: 21 Apr 2021 09:51
URI: https://eprints.eudl.eu/id/eprint/2697

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