THE IMPACT OF THE UNITED STATES QUANTITATIVE TIGHTENING POLICY ON MACROECONOMIC PERFORMANCE IN ASIAN COUNTRIES

Yulianita, Anna and Rohima, Siti and Yunisvita, Yunisvita (2023) THE IMPACT OF THE UNITED STATES QUANTITATIVE TIGHTENING POLICY ON MACROECONOMIC PERFORMANCE IN ASIAN COUNTRIES. universitas sriwijaya.

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Abstract

This study will analyze the Impact of the United States Quantitative Tightening Policy in terms of Inflation, Interest Rates, Unemployment and Exchange Rate Depreciation on countries in Asia. The data used is in the form of secondary time series data for the period 1998 to 2021. The data used were obtained from the World Bank and the International Monetary Fund (IMF). The analysis technique in this study uses the granger causality method. The results showed that US inflation has no relation to unemployment in Asia Pacific countries. The Fed's interest rate has a relationship with inflation rates in Asia Pacific countries and vice versa. The Fed's interest rate has a relationship with the unemployment rate in Asia Pacific countries and vice versa. Rising United States interest rates can have a negative impact on unemployment rates in Asia Pacific countries, especially if they are highly dependent on foreign capital or have strong economic ties to the United States. In anticipation of the impact of QT by, increasing regional cooperation in the face of financial volatility, adopting efficient monetary policies, as well as increasing economic diversification and investment in education and workforce training. In addition, it is necessary to evaluate U.S. policies to assist Asia-Pacific countries in maintaining their economic stability and minimizing risks that may arise from unexpected external changes

Item Type:	Article
Uncontrolled Keywords:	Inflation, Quantitative Tightening Policy, Unemployment, Interest Rates
Subjects:	H Social Sciences > HC Economic History and Conditions > HC10-1085 Economic history and conditions K Law > K Law (General) > K3220 Public policy K Law > K Law (General) > K3820-3836 Economic constitution, policy, planning, and development #3 Repository of Lecturer Academic Credit Systems (TPAK) > Articles Access for TPAK (Not Open Sources)
Divisions:	01-Faculty of Economics > 60001-Economics (S3)
Depositing User:	Dr Anna Yulianita
Date Deposited:	19 Dec 2023 02:20
Last Modified:	19 Dec 2023 02:20
URI:	http://repository.unsri.ac.id/id/eprint/114683

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