Pengaruh Kebijakan Operasi Pasar Beras terhadap Harga Beras untuk Pengendalian Inflasi

Abstract

This study aimed to examine the effect of rice prices toward the inflation rate; the effect of market operations on rice prices; and to compare the effectiveness of market operations before and after the market operations become the part of government rice reserve. Using monthly long data series since January 1997 to March 2007, various variables with the dummy before and after the government rice reserve is used in the simultaneous model. The results show that the Consumer Price Index (CPI) is significantly affected by the retail rice prices. The escalation of rice prices will have a strong impact on the escalation of goods and other services which will cause higher inflation. Therefore the government intervention will be an important issue. Market operations has significant impact on reducing the rice prices at both retail and wholesale levels. This significant impact also affects toward the restraint of inflation rate as the retail rice prices are considerable as one of major factors which will be able to affect the CPI. The impact of market operations in order to control rice prices before and after the year 2005 (at introduction the government rice reserve policy) is significantly different. Market operations before 2005 can reduce rice prices higher