PENGARUH KEBIJAKAN MONETER DAN KREDIT TERHADAP HOUSING PRICE INDEX DI INDONESIA

MAREL, VINA INAYAH and Igamo, Alghifari Mahdi (2024) PENGARUH KEBIJAKAN MONETER DAN KREDIT TERHADAP HOUSING PRICE INDEX DI INDONESIA. Undergraduate thesis, Sriwijaya University.

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Abstract

This research aims to determine the influence of monetary and credit policy on the housing price index in Indonesia. The data used in this research is secondary data for the period January 2012 to December 2021 obtained from Bank Indonesia. The results of the research show that monetary policy variables such as the money supply (M2) have a negative and significant influence on the housing price index in Indonesia due to monetary policy being too loose by increasing the money supply (M2) which can cause "excess financial support", namely a condition that is too a lot of funds flowed into the property market and triggered a "bubble". Meanwhile, inflation shows a positive and insignificant influence on the house price index. The interest rate also shows a positive and insignificant influence because investors pay more attention to the increase in asset value that is expected to be obtained when the asset is sold, compared to interest rates. Furthermore, the home ownership credit (KPR) variable shows a positive and significant influence because loose credit requirements make the increase in home ownership credit (KPR) more affordable so that people's interest in home property increases. In these findings, it is recommended that the government and monetary authorities need to consider monetary policies that support a controlled property market. The aim is to maintain house price stability and prevent unhealthy housing market volatility.

Item Type:	Thesis (Undergraduate)
Uncontrolled Keywords:	Monetary policy, Money Supply (M2), Interest Rates, Inflation, Home Ownership Credit (KPR), Housing Price Index
Subjects:	H Social Sciences > HB Economic Theory > HB535-551 Interest H Social Sciences > HG Finance > HG1621-1638 Interest rates. Interest tables H Social Sciences > HJ Public Finance > HJ2351 Inflation and taxation
Divisions:	01-Faculty of Economics > 60201-Development Economics (S1)
Depositing User:	Vina Inayah Marel
Date Deposited:	18 Sep 2024 08:36
Last Modified:	18 Sep 2024 08:36
URI:	http://repository.unsri.ac.id/id/eprint/157520

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