PENGGUNAAN MODEL KOREKSI GALAT ENGLE-GRANGER DALAM PENGUJIAN BERLAKUNYA TEORI PARITAS DAYA BELI ANTARA INDONESIA DAN AMERIKA SERIKAT SELAMA PERIODE 1991-2001

Ernawati, Endang (2002) PENGGUNAAN MODEL KOREKSI GALAT ENGLE-GRANGER DALAM PENGUJIAN BERLAKUNYA TEORI PARITAS DAYA BELI ANTARA INDONESIA DAN AMERIKA SERIKAT SELAMA PERIODE 1991-2001. In: Proceeding Simposium Nasional Riset Ekonomi Dan Manajemen I. Ikatan Sarjana Ekonomi Indonesia, Surabaya, pp. 166-178.

[img]
Preview
PDF
Ernawati_Penggunaan Model_Abstract_2002.pdf - Published Version

Download (54Kb) | Preview
[img] PDF
Ernawati_Penggunaan Model_2002.pdf - Published Version
Restricted to Registered users only

Download (531Kb) | Request a copy
[img]
Preview
PDF
Ernawati_Penggunaan Model_References_2002.pdf - Published Version

Download (49Kb) | Preview

Abstract

Purchasing power parity (PPP) is the one of the three very popular theories as well as the controversy in international finance. The theory describes the Relationship between the relative inflation race and exchange rate. Many researches have been conducted to prove the validity of the theory, but only a few are able to verify the work of purchasing power parity. Some researches even how the validity only for long-term, but not in short-term. This research actually tries to reveal the workability of purchasing power parity between Indonesia and United States The purchasing power parity that used in this research is the relative version for the two friction periods. January 1991 August 1997 (before economic crisis) and September 1997-December- 2001 (during and after economic crisis), using high frequency data by monthly data. The research result shows that the purchasing power parity between Indonesia and United States is obviously work for both friction periods. however there is a difference in each value. This result is acceptable since there were double exchange rate systems for the research period, those are managed floating exchange rate system and freely floating exchange rate system. Besides, as Indonesia was hit by financial crisis that grew to economic crisis starting from July of 1997, so that strong contraction created high inflation rate of Indonesia and depreciation of rupiah to US dollar.

Item Type: Book Section
Uncontrolled Keywords: paritas daya beli,inflasi,dan nilai tukar
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Business and Economic > Department of Management
Depositing User: Eko Setiawan 194014
Date Deposited: 04 Jul 2012 05:14
Last Modified: 04 Jul 2012 05:14
URI: http://repository.ubaya.ac.id/id/eprint/657

Actions (login required)

View Item View Item