Judul: Sectoral Effects Of Monetary Policy
Abstrak: The purposes of this study are three folds: (1) identifying which channels are effective for transmission of monetary policy; (2) assessing whether the transmission mechanisms at industry level are consistent with that at aggregate level; and (3) explaining why and how a channel becomes effective. The analyses are facilitated impulse response function (IRF) derived from a vector autoregression (VAR) model. Three channels are identified in this study: interest rate, real credits and exchange rate channels. The IRF results show that exchange rate is the only effective channel in affecting aggregate output and at least in five industries (the manufacturing industry; the construction industry; the trade, hotel, and restaurants industry; the transport and communication industry; and the finance, real estate, and business services industry). Meanwhile, the other two channels are not effective at aggregate and all industry. This finding suggests that there is some form of consistency between aggregate effects and industry effects. Moreover, the effect of real depreciation tend to be contractionary and thus supporting the idea of Krugman and Taylor (1976) among others. Output contraction seems to be associated with inflationary effect of the depreciation. This is a truly Keynesian type demand side story: following a real currency depreciation, purchasing power tends to weaken which then soaks the aggregate demand.
Keyword: transmission of monetary policy, industry level, IRF

Judul: Comparative analysis of monetary transmission channel in indonesia
Abstrak: Penelitian ini bertujuan untuk membandingkan kekuatan relatif dari masing-masing jalur mekanisme transmisi kebijakan moneter di Indonesia. Metode analisis yang digunakan dalam penelitian ini adalah pendekatan ekonometrika dengan model Vector Error Correction Model (VECM). Penelitian ini menggunakan data time series bulanan tahun 2004:1 sampai 2013:10. Hasil menunjukkan bahwa pada jangka panjang, suku bunga pasar uang antarbank (PUAB) sebagai sasaran operasional kebijakan moneter tidak mempengaruhi outputmaupun inflasi. Berdasarkan hasil analisis IRF menunjukkan bahwa tidak adanya kesesuaian teori pada respon masing-masing variabel jika terdapat guncangan pada suku bunga pasar uang antarbank (PUAB), kecuali variabel nilai tukar dan variabel kredit. Hasil analisis FEVD menujukkan bahwa nilai tukar merupakan jalur yang paling memengaruhi output di Indonesia. Jalur kredit merupakan jalur yang paling memengaruhi inflasi di Indonesia., This study aims to compare the relative strength of each channel of monetary transmission mechanism in Indonesia. Methods of analysis used in this study is the Vector model Error Correction Model (VECM). This study use monthly time series data (2004): 1: 10 until 2013. The results show that in the long run, the interbank money market interest rates (PUAB) as the operational target of monetary policy does not affect the output and inflation. Based on the results of the IRF analysis show that the response of each variable if there are shocks on the interbank money market interest rates (PUAB) is not suitable with the theory, unless the exchange rates variable and credit variable. FEVD analysis results shows that the exchange rate channel and credit channel have highest relative importance to explain the output and inflation in Indonesia.
Keyword: mekanisme transmisi kebijakan moneter, VECM

Judul: Penyusunan Overlap Graph menggunakan Suffix Tree pada DNA Sequence
Abstrak: The DNA sequence assembly is very important in genome analysis. This step aims to reconstruct contigous DNA fragment (contigs) from short fragment by concatenating fragments based on the overlap region among them. This method employs overlap graph for solving the problems. In this graph, nodes represent fragments and edges represent overlap. This research developed a software for constructing overlap graph using suffix tree. The evaluation was conducted by measuring the number of nodes, number of edges, and the execution time in many values of minimum overlap. The minimum overlap is defined as the minimum length of substring which is considered as the overlap region between two fragments. The evaluation results showed that the number of nodes, the number of edges, and the execution time were increased with the decreasing of the minimum overlap value.
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