MONETARY POLICY EFFECTS ON INFLATION BASED ON CENTRAL BANK BALANCE SHEET PERSPECTIVE: EVIDENCE FROM PANEL DATA STUDY
This study investigates the effects of monetary policy based on central banks’ balance sheet perspective and relative macroeconomic factors on inflation. Regression models apply to panel data covering 73 countries from 2015 to 2018. The feasible generalized least square (FGLS) model shows better...
Saved in:
| Main Author: | |
|---|---|
| Format: | Final Project |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/57752 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| id |
id-itb.:57752 |
|---|---|
| spelling |
id-itb.:577522021-08-26T10:21:13ZMONETARY POLICY EFFECTS ON INFLATION BASED ON CENTRAL BANK BALANCE SHEET PERSPECTIVE: EVIDENCE FROM PANEL DATA STUDY Javier, Carino Indonesia Final Project inflation, balance sheet, monetary policy, central bank INSTITUT TEKNOLOGI BANDUNG https://digilib.itb.ac.id/gdl/view/57752 This study investigates the effects of monetary policy based on central banks’ balance sheet perspective and relative macroeconomic factors on inflation. Regression models apply to panel data covering 73 countries from 2015 to 2018. The feasible generalized least square (FGLS) model shows better and more plausible estimation than the PLS model, the FE model, and the RE model. Furthermore, the key variable of the central bank’s balance sheet through the proxy of total assets to GDP ratio which reflects the quantitative easing (QE) is effectively affected inflation. This evidence implies that the QE policy plays an important role in boosting economic growth. In addition, macroeconomic factors are significant to influence inflation. text |
| institution |
Institut Teknologi Bandung |
| building |
Institut Teknologi Bandung Library |
| continent |
Asia |
| country |
Indonesia Indonesia |
| content_provider |
Institut Teknologi Bandung |
| collection |
Digital ITB |
| language |
Indonesia |
| description |
This study investigates the effects of monetary policy based on central banks’ balance sheet
perspective and relative macroeconomic factors on inflation. Regression models apply to panel
data covering 73 countries from 2015 to 2018. The feasible generalized least square (FGLS)
model shows better and more plausible estimation than the PLS model, the FE model, and the
RE model. Furthermore, the key variable of the central bank’s balance sheet through the proxy
of total assets to GDP ratio which reflects the quantitative easing (QE) is effectively affected
inflation. This evidence implies that the QE policy plays an important role in boosting
economic growth. In addition, macroeconomic factors are significant to influence inflation. |
| format |
Final Project |
| author |
Javier, Carino |
| spellingShingle |
Javier, Carino MONETARY POLICY EFFECTS ON INFLATION BASED ON CENTRAL BANK BALANCE SHEET PERSPECTIVE: EVIDENCE FROM PANEL DATA STUDY |
| author_facet |
Javier, Carino |
| author_sort |
Javier, Carino |
| title |
MONETARY POLICY EFFECTS ON INFLATION BASED ON CENTRAL BANK BALANCE SHEET PERSPECTIVE: EVIDENCE FROM PANEL DATA STUDY |
| title_short |
MONETARY POLICY EFFECTS ON INFLATION BASED ON CENTRAL BANK BALANCE SHEET PERSPECTIVE: EVIDENCE FROM PANEL DATA STUDY |
| title_full |
MONETARY POLICY EFFECTS ON INFLATION BASED ON CENTRAL BANK BALANCE SHEET PERSPECTIVE: EVIDENCE FROM PANEL DATA STUDY |
| title_fullStr |
MONETARY POLICY EFFECTS ON INFLATION BASED ON CENTRAL BANK BALANCE SHEET PERSPECTIVE: EVIDENCE FROM PANEL DATA STUDY |
| title_full_unstemmed |
MONETARY POLICY EFFECTS ON INFLATION BASED ON CENTRAL BANK BALANCE SHEET PERSPECTIVE: EVIDENCE FROM PANEL DATA STUDY |
| title_sort |
monetary policy effects on inflation based on central bank balance sheet perspective: evidence from panel data study |
| url |
https://digilib.itb.ac.id/gdl/view/57752 |
| _version_ |
1822930561057947648 |