文章基本信息

标题：World Oil Price Changes and Inflation in Indonesia: A Nonparametric Regression Approach
本地全文：下载
作者：Indra Darmawan ; Hermanto Siregar ; Dedi Budiman Hakim 等
期刊名称：Signifikan
印刷版ISSN：2087-2046
电子版ISSN：2476-9223
出版年度：2021
卷号：10
期号：1
页码：161-176
DOI：10.15408/sjie.v10i1.19010
出版社：Universitas Islam Negeri Syarif Hidayatullah Jakarta
摘要：This study aims to investigate the effect of world oil price changes on inflation in Indonesia. We used a nonparametric regression approach that never been employed in previous studies, both domestically and internationally. This study shows that the second-order Epanechnikov kernel function is statistically significant in explaining the effect of world oil price changes on Indonesia's inflation. We found that the world oil price changes had a lower effect on Indonesia's inflation when its price below USD 100 per barrel, and its effect became higher when its price above USD 100 per barrel. These results have important implications for Bank Indonesia and Indonesia's government in response to the world oil price changes. The policies that aimed at reducing the effect of world oil price changes on inflation in Indonesia should consider the world oil price level.
其他摘要：This study aims to investigate the effect of world oil price changes on inflation in Indonesia. We used a nonparametric regression approach that never been employed in previous studies, both domestically and internationally. This study shows that the second-order Epanechnikov kernel function is statistically significant in explaining the effect of world oil price changes on Indonesia's inflation. We found that the world oil price changes had a lower effect on Indonesia's inflation when its price below USD 100 per barrel, and its effect became higher when its price above USD 100 per barrel. These results have important implications for Bank Indonesia and Indonesia's government in response to the world oil price changes. The policies that aimed at reducing the effect of world oil price changes on inflation in Indonesia should consider the world oil price level.
关键词：oil price changes; inflation; nonparametric approach; second-order Epanechnikov kernel function.
其他关键词：economics