Abstract
This study aims to analyze the development of exchange rate system, inflation and economic growth policies in Indonesia. The model used is a descriptive analysis model by dividing 3 exchange rate regimes from 1978 to 2018. The data used is annual data sourced from the world bank, the federal reserve economic data, and Bank Indonesia. The results showed that the exchange rate system in Indonesia is fluctuated throughout the year. This has an impact on economic growth rate and inflation which is also unstable. Therefore, Bank Indonesia must stabilize the rupiah exchange rate. For further research, it is also advisable to further analyze how the 3 periods of the exchange rate regimes work effectively in transmitting monetary policy through the exchange rate channel to macro variables.Key Words: Exchange rate, growth rate, inflation
Highlights
This study aims to analyze the development of exchange rate system, inflation and economic growth policies in Indonesia
The results showed that the exchange rate system in Indonesia is fluctuated throughout the year
ISSN 1548-6583 July 2012, Vol 8, No 7, 990101
Summary
Fitriyani1*, Diana Sapha, Cut Zakia Rizki, Nur Aidar, Ferayanti, Muhammad Ilhamsyah Siregar, Amsal Irmalis. Penelitian ini bertujuan untuk menjelaskan deskriptif perkembangan kebijakan system kurs, inflasi, dan GDP di Indonesia. Model analisis deskriptif digunakan dengan membagi 3 periode penelitian, yaitu penerapan system nilai tukar tetap pada Tahun 1975-1978, mengambang terkendali pada tahun 19781997, dan periode mengambang bebas pada tahun 1997-2018. Data yang digunakan merupakan data tahunan yang bersumber dari world bank, federal reserve economic data, dan Bank Indonesia. Hasil penelitian menunjukkan bahwa perkembangan system nilai tukar di Indonesia mengalami fluktuasi sepanjang tahun. Hal ini berdampak pada tingkat pertumbuhan ekonomi dan inflasi yang juga tidak stabil. Upaya menstabilkan nilai tukar rupiah perlu dilakukan oleh Bank Indonesia. Selanjutnya, untuk further study, perlu menganalisis lebih lanjut bagaimana 3 periode system nilai tukar bekerja secara efektif dalam mentransmisikan kebijakan moneter melalui jalur nilai tukar terhadap variabel makro
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