Research Article
Inflatin Targeting Framework (ITF) and Indonesia Stable Market Index
@INPROCEEDINGS{10.4108/eai.20-6-2020.2300635, author={Iman Lubis and Syamruddin Syamruddin and Eni Puji Astuti and Amipriyadi Gerha Pemana}, title={Inflatin Targeting Framework (ITF) and Indonesia Stable Market Index}, proceedings={Proceedings of the 3rd International Conference on Advance \& Scientific Innovation, ICASI 2020, 20 June 2020, Medan, Indonesia}, publisher={EAI}, proceedings_a={ICASI}, year={2020}, month={9}, keywords={markov switching regime; stable price; and index market;}, doi={10.4108/eai.20-6-2020.2300635} }- Iman Lubis
Syamruddin Syamruddin
Eni Puji Astuti
Amipriyadi Gerha Pemana
Year: 2020
Inflatin Targeting Framework (ITF) and Indonesia Stable Market Index
ICASI
EAI
DOI: 10.4108/eai.20-6-2020.2300635
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.
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