Skripsi
ANALISIS PENGARUH KEBIJAKAN THE FED TERHADAP INFLASI DI INDONESIA
This research aims to determine the effect of the Fed's policies, such as quantitative easing and exchange rate policies, on inflation in Indonesia. The data used in this study are secondary data for the period January 2020 to April 2024 obtained from the Federal Reserve Economic Data (FRED) and the Central Statistics Agency (BPS). The results of the study show that both variables simultaneously have an effect on inflation in Indonesia, although very small. The quantitative easing policy has a significant positive effect because the increase in the money supply when interest rates are low has the potential to trigger inflation. Meanwhile, the exchange rate policy has a significant negative effect because currency depreciation can affect inflation, especially through changes in the price of imported goods which become more expensive. In this finding, it is suggested that the government, especially the Central Bank of Indonesia, continues to take into account and maintain coordination between monetary and fiscal policies, especially in responding to the Fed's QE policy. With an adaptive interest rate policy and appropriate fiscal policy adjustments, Indonesia can reduce the negative impact of capital outflows, maintain exchange rate stability, and control inflation. The goal is to ensure that problems from monetary events that occur do not cause further problems and maintain the stability of economic activity in it.
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