Study Of The Effectiveness Of Monetary Policy Of Bank Indonesia Representative Of East Nusa Tenggara Province In Controlling Food Inflation

DOI

10.2991/978-2-38476-202-6_10How to use a DOI?

Keywords

Monetary Policy; Inflation; Food Inflation Control; Effectiveness

Abstract

-- The purpose of this study is to provide information on the effectiveness of Bank Indonesia's monetary policy in controlling food inflation. Inflation in ENT Province in the third quarter of 2022 was recorded at 6.97% year on year ( yoy), higher than the previous quarter inflation of 4.28% year on year (yoy) and national inflation of 5.95% year on year (yoy). The increase in inflationary pressure stemmed from an increase in prices of commodity groups from the food, beverage & tobacco group such as filter clove cigarettes, tembang fish, and broiler eggs[1]. Inflation indicator is one of the important indicators in economic development. High and low inflation rates greatly affect consumption patterns, distribution patterns and production patterns in the economy. A low inflation rate can hurt the economy because business people are not eager to do business. If this happens, it will certainly result in a sluggish economy, the economy does not grow if this continues to happen, it does not rule out the possibility of a stagnant economy [2]. The problems faced by Bank Indonesia Representative of East Nusa Tenggara Province in controlling food inflation are the low connectivity of food distribution networks, information gaps and market structure distortions, and declining local food productivity. The type of research used in this research is a quantitative descriptive approach. The type of data used in this research is primary data. Data collection techniques using observation, interviews, questionnaires, documentation. The technique of taking purposive sampling technique with a total of 60 informants. The sampling location is the Representative Office of Bank Indonesia of East Nusa Tenggara Province. Indicators of measuring the effectiveness of Bank Indonesia Representative monetary policy using input, output and outcome. Data analysis techniques using quantitative analysis using descriptive statistics. Stages used validity and reliability tests, analysing and transforming with a range of Likert scale criteria. The results state that the effectiveness of the monetary policy of Bank Indonesia Representative of ENT Province has been running very effectively with a score of 206.57 or 86.07% including in the interval class score 164 - 240 with a very effective category.

Copyright

© 2023 The Author(s)

Open Access

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TY  - CONF
AU  - Puteri Ayu Pratiwi
AU  - Rosmiati Rosmiati
AU  - Rosdiana Mata
AU  - Aisyah Malakalu
PY  - 2024
DA  - 2024/02/15
TI  - Study Of The Effectiveness Of Monetary Policy Of Bank Indonesia Representative Of East Nusa Tenggara Province In Controlling Food Inflation
BT  - Proceedings of the International Conference on Applied Science and Technology on Social Science 2023 (iCAST-SS 2023)
PB  - Atlantis Press
SP  - 69
EP  - 73
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-202-6_10
DO  - 10.2991/978-2-38476-202-6_10
ID  - Pratiwi2024
ER  -