Analisis Kausalitas Kebijakan Fiskal Ekspansif, Kebijakan Moneter Ekspansif dan Pertumbuhan Ekonomi di Indonesia

Fadhliah Yuniwinsah - Universitas Negeri Padang
Ali Anis - Universitas Negeri Padang

Abstract


This study examined the causality between expansionary fiscal policy, expansionary monetary policy and economic growth in Indonesia’s using a time series data with vector autoregression model (VAR) in the period of 1969-2018. The results of this study showed that are there is no causality between expansionary fiscal policy and expansionary monetary policy but there one-way relationship between them, it is the expansionary monetary policy gives influence to expansionary fiscal policy. There is no causality between expansionary fiscal policy and economic growth but there one-way relationship between them, It is economic growth gives influence to expansionary fiscal policy. And there is no causality between expansionary monetary policy and economic growth but there one-way relationship between them, it is economic growth gives influence to expansionary monetary policy.


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DOI: http://dx.doi.org/10.24036/jkep.v2i1.8855