Analisis Pengaruh Kebijakan Moneter Dan Fiskal Regional Terhadap Inflasi Dan Pertumbuhan Ekonomi Regional Dan Pembuktian Flypaper Effect Di Era Desentralisasi Fiskal Di Sulawesi Selatan (Analysis of Impact of Monetary and Fiscal Regional Policy on Inflation Rate and Growth in South Sulawesi and Verification of Flypaper Effect in Decentralization Era).

Abstract

English Abstract: This research aims to analyze the impact of monetary and regional fiscal policy on inflation and growth in South Sulawesi. In other that, this research aims to analyze and identify the flypaper effect in South Sulawesi too. Using annually secondary panel data from 2008 to 2014 and fixed effect panel regression model, this research empirically found that in inflation model, local expenditure has positive impact, own-source revenue has negative impact, local government loan has positive impact and BI rate has positive impact. TPID as a coordination tool between both policies empirically have negative impact on inflation rate in South Sulawesi. Meanwhile, in growth model, local expenditure and own-source revenue has positive impact significantly on growth. The local government loan as monetary policy has a positive impact and BI rate has a negative impact.