Economics, Econometrics and Finance
3 years ago

Monetary policy in Indonesia reduces unemployment rates, boosting economic growth.

1 view
Jurnal Ilmu Ekonomi Terapan
THE EFFECT OF MONETARY POLICY ON UNEMPLOYMENT RATE IN INDONESIA
Hafiansyah Mahadika, Wisnu Wibowo

Paper Summary

The study looked at how monetary policy affects unemployment in Indonesia from 1975 to 2016. They used real money demand, economic growth, real interest rates, and real exchange rates as factors. Economic growth was found to have a negative impact on unemployment in the long run. In the short term, factors like real interest rates and exchange rates also influenced unemployment. Overall, monetary policy has a temporary effect on the unemployment rate in Indonesia.

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