Economic Impact of Kredit Usaha Rakyat (KUR)
It is undeniable that SMEs play a crucial role in the Indonesian economy. The presence of microcredit/microfinancing, such as KUR, which can reach small and medium-sized communities in Indonesia, provides a solution for SMEs to solve financing problems for their businesses. The economic impact of the Kredit Usaha Rakyat (KUR) program is minimal at the […]
Decoding Global Portfolio Investment Flow Post-COVID19 Pandemic: Does Market Efficiency Matter?
In this paper, we try to uncover the pattern of global portfolio investment flow after the COVID-19 pandemic. Particularly, we are interested to see whether or not the majority of portfolio investments go to inefficient markets during this period. Based on the Efficient Market Hypothesis (EMH) by Fama (1970), investors should go to weak-form (inefficient) […]
Technical Trend Analyses of Indonesia Stock Exchange Index
The stock exchange index is one of the primary barometers for the economic health of a country. The index encapsulates the performances of a wide spectrum of economic sectors, and it vividly reflects the country’s economic condition. In this paper, we apply several commonly used approaches to conduct technical trend analyses of the IDX and […]
The Impact of Various Shocks to Indonesia’s Bond Yield: Lag-Augmented Local-Projection (LP)
This IFG Progress Digest is the follow-up of Economic Bulletin (EB) – Issue 44 Indonesia’s Yield Curve In 2024: Machine Learning & Dynamic Nelson Siegel (DNS) Model where we explore as to how macroeconomic shocks influence government bond yield; We found that our four estimation scenarios for 10-year government bond yield do indeed align with […]
Indonesia’s Yield Curve In 2024: Machine Learning & Dynamic Nelson Siegel (DNS) Model
The term structure of the Yield Curve is one of the most essential tools in financial economics. All agents, both government and private firms, set them as a benchmark for implementing their policy and business decision, respectively. The yield curve can be one of the reasons for prosperous firms/countries or their declines (as evident in […]
Reviving Takaful: Reflections on the Islamic New Year
Authors: Ibrahim Kholilul Rohman [1] and Nada Serpina [2] As the Islamic New Year approaches, it is an opportune time to reflect on the principles of hijrah (migration) and their application in the realm of economics, particularly within the context of the growing Shariah economy. In Islamic teachings, hijrah is divided into two aspects. The […]
Addressing Challenges in Indonesia’s Pension Funds
Authors: Ibrahim Kholilul Rohman[1] and Mohammad Alvin Prabowosunu[2] Financial sector is seen as an important catalyst to spur economic development through capital accumulation and technological progress by increasing the savings rate, mobilizing and pooling savings, as well as optimizing the allocation of capital. In a developing country like Indonesia, while the pace of development should […]
ASEAN must nurture growth at epicenter
Penulis: Ibrahim Kholilul Rohman [1], Tarisha Yuliana [2] As ASEAN commemorates its 56th anniversary this year, Indonesia as the chair is highlighting the theme of “ASEAN Matters: Epicentrum of Growth”. This theme encapsulates both promise and challenge. ASEAN nations grapple with disparities in total factor productivity (TFP), a key economic indicator that measures the ratio of […]
Addressing challenges in Indonesia’s pension funds
Penulis: Ibrahim Kholilul Rohman [1], M. Alvin Prabowosunu [2] The financial sector is an important catalyst to spur economic development through capital accumulation and technological progress. It does this by increasing the savings rate and mobilizing and pooling savings, as well as optimizing the allocation of capital. In a developing country like Indonesia, while the […]
Unveiling Total Pressure of Rupiah’s Volatility
On September 11, 2023, our report on Indonesia’s exchange rate was published, projecting a strong Rupiah with robust economic fundamentals, expected to hover around Rp14,800 – Rp15,200. However, it also warned of the potential for the Rupiah to overshoot to Rp15,600 – Rp15,900, which subsequently occurred. The report also noted the importance of Bank Indonesia’s […]
