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"[Studi ini menginvestigasi keberadaan contagion yang menyebar melaluikebijakan moneter US dan pasar equity US ke berbagai pasar keuangan negara berkembang dan negara maju terutama Indonesia di periode 2005 sampai 2014. Hubungan antara US dan negara-negara yg diinvestigasi di studi ini dipertimbangkan, studi ini menggunakan the US Federal Funds Rates sebagai perwakilan kebijakan moneter US, dan menggunakan harga saham Standard and Poor’s 500 sebagai perwakilan pasar equity US, serta menggunakan nilai tukar matauang harian terhadap US. Metode Vector Autoregression (VAR) dapatmengidentifikasi keberadaan contagion dari kebijakan moneter US dan shock di pasar equity US ke berbagai pasar keuangan yaitu Indonesia, Australia, Singapura, Jepang, Eropa dan Inggris. Hasil studi ini menunjukan bahwa contagion menyebar dari pasar equity US ke hampir semua pasar keuangan yang dianalisis di studi ini di antara periode krisis keuangan global tahun 2008 dan 2011. Namun, tidak adacontagion yang signifikan menyebar dari kebijakan moneter US ke pasar-pasar keuangan yang dianalisis.;This study investigates the existence of contagion that transmits from the US monetary policy and the US equity market to a range of emerging and developed financial markets especially to Indonesia, over period 2005 to 2014. The relationship between the US and the investigated countries is considered, taking the US Federal Funds Rates, as the representative of the US monetary policy, and equity prices of Standard and Poor’s 500, as the representative of the US equity market, and using the daily foreign exchange rates against the US dollar for the investigated markets. The Vector Autoregression (VAR) approach has allowed identifying the existence of contagion from the US monetary policy and the US equity market shock to a range of markets, namely, Indonesia, Australia, Singapore, Japan, Europe and the UK. The results show that contagion transmits from the US equity market for most of countries analysed in this study between the Global Financial Crisis in 2008 and2011. There is no significant contagion from the US monetary policy to investigated markets., This study investigates the existence of contagion that transmits from the USmonetary policy and the US equity market to a range of emerging and developedfinancial markets especially to Indonesia, over period 2005 to 2014. The relationshipbetween the US and the investigated countries is considered, taking the US FederalFunds Rates, as the representative of the US monetary policy, and equity prices ofStandard and Poor’s 500, as the representative of the US equity market, and using thedaily foreign exchange rates against the US dollar for the investigated markets. TheVector Autoregression (VAR) approach has allowed identifying the existence ofcontagion from the US monetary policy and the US equity market shock to a rangeof markets, namely, Indonesia, Australia, Singapore, Japan, Europe and the UK. Theresults show that contagion transmits from the US equity market for most ofcountries analysed in this study between the Global Financial Crisis in 2008 and2011. There is no significant contagion from the US monetary policy to investigatedmarkets.]"

"Penelitian ini menguji faktor penentu inflasi di negara negara ASEAN khususnya untuk Indonesia dan Filipina periode 2001 2012 Terdapatdua tujuan utama penelitian ini Pertama untuk mengevaluasi apakah faktor global regional dan domestik mempengaruhi tingkat inflasi di 24 negara observasi Kedua untuk menentukan model inflasi untuk Indonesia dan Filipina dengan menggunakanfaktor global dan regional selain variabel dalam negeri seperti perubahan harga minyak keterbukaan perubahan dari REER suku bunga jangka pendek perubahan dari uang yang luas perubahan pengeluaran rumah tangga dan pertumbuhan PDB Untuk mencapai tujuan tujuan tersebut terdapatdua langkah utamadalam penelitianini Pertama penelitian ini menggunakan metode Kalman filter dengan model dinamis untuk mendapatkan faktor global regional dan domestik Kedua penelitianini menggunakan estimasi OLS untuk menemukan model yang terbaik untuk Indonesia dan Filipina Terdapattiga temuan kunci dari penelitianini Pertama faktor global dan regional memilikitingkatkontribusi yang berbeda terhadaptingkat inflasi setiap negara yang diobservasi Kedua negara negara ASEAN dapat dibagi menjadi tiga kelompok berdasarkan faktor global regional dandomestik Akhirnya Indonesia dan Filipina memiliki kesamaan untuk faktor regional dan perubahan variabel REER yang secara signifikan menentukan tingkat inflasi di kedua negara

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This study examines inflation determinants in ASEAN countries in particular for Indonesia and the Philippines period 2001 2012 There are two main objectives in this study First to evaluate whether global regional and domestic factors affect inflation rates in 24 observed countries Second to determine inflation models for Indonesia and the Philippines by adding global and regional factors besides the domestic variables such as changes of the oil price openness changes of the REER short term interest rate changes of the broad money changes of the household expenditure and GDP growth To achieve these objectives there are two steps in this paper First this study uses the Kalman filter method with a dynamic model to obtain global regional and domestic factors Second this paper uses the OLS estimation to find the best model for Indonesia and the Philippines There are three key findings of this paper First the common factors contribute differently for each observation country's inflation rate Second ASEAN countries can be divided into three groups based on these common factors Finally Indonesia and the Philippines have similarities for the regional factor and changes of the REER variable which significantly determine inflation rate in both countries "