{"title":"AN ESTIMATED OPEN-ECONOMY DSGE MODEL FOR THE EVALUATION OF CENTRAL BANK POLICY MIX","authors":"Solikin M. Juhro, Denny Lie, Aryo Sasongko","doi":"10.59091/2460-9196.2126","DOIUrl":"https://doi.org/10.59091/2460-9196.2126","url":null,"abstract":"","PeriodicalId":36737,"journal":{"name":"Buletin Ekonomi Moneter dan Perbankan","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136316386","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Optimizing Library Donation Book Display: SMART and WASPAS Comparison","authors":"Afifah Trista Ayunda, Wahyu Tisno Atmojo","doi":"10.32832/moneter.v11i2.448","DOIUrl":"https://doi.org/10.32832/moneter.v11i2.448","url":null,"abstract":"The book display has a significant impact on visitor experience and the efficiency of finding reading materials in the library. In this context, optimizing effective and systematic decisions becomes crucial. This research employs the SMART (Specific, Measurable, Achievable, Relevant, Time-bound) and WASPAS (Weighted Aggregated Sum Product Assessment) approaches in selecting the optimal book display for donations. The SMART method assists in formulating specific criteria and indicators to measure effectiveness, while the WASPAS method utilizes assessment principles based on priority with weighted criteria to consider diverse aspects. The required data for this study includes information about criteria and weighting of the book display. This data will be comprehensively analyzed using both of these approach methods. The accuracy level testing resulted in a value of 99.9917% for the SMART method, which is slightly better than WASPAS with a value of 99.9916%. Based on the above suitability level calculation, the SMART approach is more relevant in this situation to address the issue of recommending donation book displays in the library with the goal of minimizing space and improving book search efficiency.","PeriodicalId":36737,"journal":{"name":"Buletin Ekonomi Moneter dan Perbankan","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136358886","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analysis Of Change Rate And Interest Rate Changes To Indonesia’s Trade Balance","authors":"Renea Shinta Aminda, Tasya Vannesia, Widhi Ario Bimo, Titing Suharti","doi":"10.32832/moneter.v11i2.408","DOIUrl":"https://doi.org/10.32832/moneter.v11i2.408","url":null,"abstract":"This research examines the impact of exchange rates and interest rates on Indonesia's trade balance from 1991 to 2021. International trade plays a crucial role in a country's economic activities, with exports and imports being key components. Monitoring these activities allows for the assessment of whether a nation's trade balance is in surplus or deficit. The trade balance of Indonesia is influenced by various factors, including exchange rates and interest rates. Employing the Error Correction Model (ECM) for analysis, both long-term and short-term effects were investigated. Classical assumption tests and significance tests, covering normality, multicollinearity, autocorrelation, partial (t tests), simultaneous (F test), R-Squared, and Adjusted R-Squared tests were conducted. The findings reveal that exchange rates have a significant impact on Indonesia's trade balance, with a stronger exchange rate leading to a favorable trade balance. Specifically, a robust exchange rate results in a reduction of export value surpassing that of imports. In contrast, interest rates were found to have no significant effect on the trade balance due to global economic disparities, financial market uncertainties stemming from the Covid-19 pandemic, and trade barriers imposed by individual countries.","PeriodicalId":36737,"journal":{"name":"Buletin Ekonomi Moneter dan Perbankan","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135789633","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Rama Aria Megantara, Farrikh Alzami, Ahmad Akrom, Ricardus Anggi Pramunendar, Dwi Puji Prabowo, Sasono Wibowo, Ritzkal Ritzkal
{"title":"RFM Analysis for Customer Lifetime Value with PARETO/NBD Model in Online Retail Dataset","authors":"Rama Aria Megantara, Farrikh Alzami, Ahmad Akrom, Ricardus Anggi Pramunendar, Dwi Puji Prabowo, Sasono Wibowo, Ritzkal Ritzkal","doi":"10.32832/moneter.v11i2.409","DOIUrl":"https://doi.org/10.32832/moneter.v11i2.409","url":null,"abstract":"In recent years, there has been a growing interest in analyzing Customer Lifetime Value (CLV) due to its ability to provide valuable insights into customer profitability and worth. CLV analysis predicts the net profit attributed to the entire future relationship with a customer. This analysis involves calculating the present value of a customer's expected future spending with the company, facilitating an understanding of the economic value of long-term customer relationships. CLV analysis empowers businesses to identify their most profitable customers and develop strategies for retaining them, ultimately maximizing long-term profitability.
 CLV analysis relies on various models and techniques, including the RFM analysis categorizes customers based on recency, frequency, and monetary value, helping to segment customers and predict future behavior. Then, The Pareto/NBD model combines probability distributions to estimate CLV and is commonly used for customer base analysis.
 This research article explores the application of RFM analysis for estimating customer lifetime value using the Pareto/NBD model in an online retail dataset. This metric is crucial for businesses as it assists in identifying valuable customers and formulating retention strategies to maximize long-term profitability.","PeriodicalId":36737,"journal":{"name":"Buletin Ekonomi Moneter dan Perbankan","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135789632","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"ENTREPRENEURSHIP, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH","authors":"Mohsen Mohammadi Khyareh","doi":"10.59091/2460-9196.2127","DOIUrl":"https://doi.org/10.59091/2460-9196.2127","url":null,"abstract":"","PeriodicalId":36737,"journal":{"name":"Buletin Ekonomi Moneter dan Perbankan","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136160735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Financial Technology Index for Indonesia 2017 - 2020","authors":"Nur Aini, Mas Nasrudin","doi":"10.59091/2460-9196.1697","DOIUrl":"https://doi.org/10.59091/2460-9196.1697","url":null,"abstract":"","PeriodicalId":36737,"journal":{"name":"Buletin Ekonomi Moneter dan Perbankan","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136160746","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How Global Value Chains Affect Economic Output and Unemployment: An Empirical Evidence from ASEAN Countries, 1999-2018","authors":"Sri Juli Asdiyanti Samuda","doi":"10.59091/2460-9196.1795","DOIUrl":"https://doi.org/10.59091/2460-9196.1795","url":null,"abstract":"","PeriodicalId":36737,"journal":{"name":"Buletin Ekonomi Moneter dan Perbankan","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136160733","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"DUAL MONETARY POLICY AND INCOME INEQUALITY IN INDONESIA","authors":"Emira Arefa Aji, Raditya Sukmana","doi":"10.59091/2460-9196.2128","DOIUrl":"https://doi.org/10.59091/2460-9196.2128","url":null,"abstract":"This paper examines the effect of Indonesia’s dual monetary policy on income inequality. This issue of inequality in Indonesia remains significant, and failure to address it could lead to a major economic and social conflict. The studies of monetary policy on income inequality are still inconclusive. In Indonesia, there are limited literatures that show the effect of monetary policy on income inequality. This study shows that both monetary policies significantly affect income inequality in Indonesia where in the long run, Islamic monetary policy seems to not affecting the inequality. Hence, it can be concluded that the Islamic monetary system should be encourage to improve the inequality in Indonesia","PeriodicalId":36737,"journal":{"name":"Buletin Ekonomi Moneter dan Perbankan","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135084950","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How are Fuel Prices Linked to Fiji’s Macroeconomy?","authors":"Joel Abraham, Prof. Paresh K. Narayan","doi":"10.59091/2460-9196.2106","DOIUrl":"https://doi.org/10.59091/2460-9196.2106","url":null,"abstract":"Understanding how well the fuel market (or its prices) are linked to a country’s macroeconomy has both fiscal and monetary policy coordination implications. This note attempts to provide an understanding of how shocks from the fuel market impact the macroeconomy and vice versa. Our results are novel: we show that Fiji’s macroeconomy only absorbs a maximum of 31% of shocks from the system, implying that most movements in the macroeconomy are due to fundamentals and not the fuel market. The key policy message is that pricing behavior and any price controls associated with the fuel market will not have negative macroeconomic connotations.","PeriodicalId":36737,"journal":{"name":"Buletin Ekonomi Moneter dan Perbankan","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135084951","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"TREND INFLATION IN MODERATE AND LOW INFLATION PERIODS: THE IMPLICATION OF THAI MONETARY POLICY","authors":"Nipit Wongpunya","doi":"10.59091/2460-9196.1797","DOIUrl":"https://doi.org/10.59091/2460-9196.1797","url":null,"abstract":"This paper examines the effects of trend inflation on the conduct of monetary policy during moderate and low inflation environments in Thailand. It extends the New Keynesian model by introducing a positive trend inflation. It finds that the response of inflation and output are lower during the moderate inflation period. A high level of trend inflation magnifies the welfare loss. The optimal policy is to lower weight on output volatility when the target level for inflation is higher. To adjust the inflation targeting rate, the central bank should consider the response of inflation and output gap to preserve the determinacy.","PeriodicalId":36737,"journal":{"name":"Buletin Ekonomi Moneter dan Perbankan","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135084949","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}