PERSISTENSI INFLASI REGIONAL DI SULAWESI SELATAN

Iskandar, Azwar (2017): PERSISTENSI INFLASI REGIONAL DI SULAWESI SELATAN. Published in: PERSISTENSI INFLASI REGIONAL DI SULAWESI SELATAN , Vol. 2, No. JURNAL INDONESIAN TREASURY REVIEW JURNAL PERBENDAHARAAN, KEUANGAN NEGARA DAN KEBIJAKAN PUBLIK (1 June 2017): pp. 17-34.

Abstract

The objective of this study is to measure the persistence of inflation level in South Sulawesi. In addition, this study intends to find out the source of inflation persistence. The analysis of the regional inflation behavior developed in this paper is explored to commodities level. Using quarterly data from Bank Indonesia from 2006.I to 2015.III, this study was conducted to make estimation by applying Univariate Autoregressive (AR) Model. The empirical result indicates that the level of inflation persistence in South Sulawesi is relatively high. This result indicates that inflation requires a long time to return to its natural value after shocks. The high degree of inflation persistence reflected by the length of the time period required to absorb of 50% of shocks occurred before returning to its natural value i.e. 13 months. Using the estimation results of Partial Adjustment Model (PAM), it shows that high inflation persistence in South Sulawesi mainly caused by inflation rate of groups of prepared food as proxy of volatile foods group and housing, water, electrical, gas and fuel as proxy of administered price group. Moreover, the existence of TIPD in South Sulawesi as an effort to coordinate monetary and regional fiscal policy in order to control the regional inflation, proved has a negative effect on regional inflation in South Sulawesi.

• Item Type: MPRA Paper
• English Title: PERSISTANCE OF REGIONAL INFLATION IN SOUTH SULAWESI INDONESIA
• Language: Indonesian
• Keywords: persistensi, inflasi, sulsel
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation

References

Alamsyah, Halim. (2008). Persistensi Inflasi dan Dampaknya Terhadap Pilihan dan Respons Kebijakan Moneter. Disertasi Fakultas Ekonomi Universitas Indonesia. Arimurti, Trinil dan Trisnanto, Budi. (2011). Persistensi Inflasi Di Jakarta dan Implikasinya Terhadap Kebijakan Pengendalian Inflasi Daerah. Buletin Ekonomi Moneter dan Perbankan. Bank Indonesia. (2010). Persistensi Inflasi Studi Di Kota Palangkaraya dan Sampit. Kajian Ekonomi Regional Provinsi Kalimantan Tengah Triwulan IV. Bank Indonesia Kendari. 2010. Penelitian Persistensi Inflasi Sulawesi Tenggara. Bank Indonesia (2014). Kajian Ekonomi dan Keuangan Regional Provinsi Sulawesi Selatan Triwulan IV 2014. Kantor Perwakilan Bank Indonesia Sulawesi Selatan. Bank Indonesia (2015). Kajian Ekonomi dan Keuangan Regional Provinsi Sulawesi Selatan Triwulan IV 2015. Kantor Perwakilan Bank Indonesia Sulawesi Selatan. Bank Indonesia (2016). Kajian Ekonomi dan Keuangan Regional Provinsi Sulawesi Selatan Triwulan I 2016. Kantor Perwakilan Bank Indonesia Sulawesi Selatan. Carlino, Gerald dan Robert Defina. (1998). The Differential Regional Effects of Monetary Policy. The Review of Economics and Statistics, Vol. 80, No.4, November 1998. pp. 572-587. Enders, Walter, 2004, Applied Econometric Time Series. 2nd Edition, New York: John Wiley and Sons, Inc. Gujarati, Damodar (2004). Basic Econometrics, Fourth-Edition. New York: The McGraw-Hill Companies. Iswardono (1997). Kebijakan Moneter di Indonesia (Indonesian Monetary Policy). Journal of Economics, FE UII, No. 2, Vol. 3, 1997. Harmanta. (2009). Kredibilitas Kebijakan Moneter dan Dampaknya terhadap Persistensi Inflasi dan Strategi Disinflasi di Indonesia: dengan Model Dynamic Stochastic General Equilibrium (DSGE). Jakarta: Fakultas Ekonomi Program Pascasarjana Ilmu Ekonomi Universitas Indonesia. Hidayat, Fatimah. (2013). Analisis Persistensi Inflasi Jawa Timur: Suatu Pendekatan Sisi Penawaran. Jurusan Ilmu Ekonomi, Fakultas Ekonomi dan Bisnis, Universitas Brawijaya Malang. Marques, Carlos Robalo. (2004). Inflation Persistence: Facts Or Artefacts?. Working Paper Series no. 371. Nopirin (1994). Pengantar Ilmu Ekonomi Makro dan Mikro (Edisi Pertama). Yogyakarta: BPFE. Samuelson, PA, dan Nordhaus WD (2004). Ilmu Makroekonomi. Edisi Tujuh Belas, Diterjemahkan oleh Gretta, Theresa Tanoto, Bosco Carvallo, dan Anna Elly. PT. Media Global Edukasi, Jakarta. Subekan, Achmat, Azwar. (2016). Analisis Pengaruh Kebijakan Moneter dan Fiskal Regional Terhadap Inflasi dan Pertumbuhan Ekonomi Regional dan Pembuktian Flypaper Effect di Era Desentralisasi Fiskal di Sulawesi Selatan. Kajian Akademis BPPK Kementerian Keuangan Tahun 2016. Wimanda, Rizki E. (2006). Regional Inflation in Indonesia: Characteristic, Convergence, and Determinants. Bank Indonesia Working Paper, No.13, Oktober 2006. Yanuarti, Tri. (2007). Has Inflation Persistence in Indonesia Changed?. Working Paper Bank Indonesia.