Respon Dinamis Kurs terhadap Tingkat Bunga di Indonesia

  • Nanda Rahmi Universitas Syiah Kuala
  • Kamal Fachrurrozi Universitas Syiah Kuala
Keywords: Exchange Rate, Interest Rate, Dynamic Models, Indonesia

Abstract

This study is to analyze the dynamic response of exchange rate to interest rate in Indonesia. Yearly data form 2002 to 2018 are used in this study and autoregressive model is utilized to capture dynamic response. The results show that the exchange rate has negative and significant response to interest rate. Furthermore, the effects of interest rate on exchange rate is higher in longrun than short-run. It is suggested to monetary authority to strength the domestic fundamental to achieve more effective of interest rate to stabilize the exchange rate fluctuations.

Published
2021-01-13
How to Cite
Rahmi, N., & Fachrurrozi, K. (2021). Respon Dinamis Kurs terhadap Tingkat Bunga di Indonesia. Jurnal Samudra Ekonomi Dan Bisnis, 12(1), 117-129. https://doi.org/10.33059/jseb.v12i1.2107
Section
Articles