期刊名称：International Journal of Energy Economics and Policy
电子版ISSN：2146-4553
出版年度：2020
卷号：11
期号：1
页码：558-564
DOI：10.32479/ijeep.10692
出版社：EconJournals
摘要：This paper focused to examine the interest-rates response specified by the Bank of Indonesia’s () to the world crude oil prices and foreign rate of interest. It examined monthly data which ranged from the period of August 2004 to November 2019. The difference equation model was employed for this estimation. The test findings indicated that there was a direct response of the rate of interest specified by to the world crude oil price and foreign rate of interest. The rate of interest retained by rose (fell) by 0.124 per cent in response to each one per cent rise (decline) in the world crude oil price. Moreover, the rate of interest rose (fall) by 0.073 per cent in response to each one per cent rise (decline) in the foreign rate of interest.
关键词：Prices of World Crude Oil;Domestic-Interest Rate;Foreign-Interest Rate;Difference Equation Model
