Eksekutif - IBMT » consumer price index http://eksekutif.ibmt.ac.id Journal Of Business And Management Sun, 21 Feb 2010 08:25:52 +0000 en hourly 1 Analysis of Purchasing Power Parity Theory in Determining The Exchange Rate of IDR Against USD (1973-2003) http://eksekutif.ibmt.ac.id/analysis-of-purchasing-power-parity-theory-in-determining-the-exchange-rate-of-idr-against-usd-1973-2003/ http://eksekutif.ibmt.ac.id/analysis-of-purchasing-power-parity-theory-in-determining-the-exchange-rate-of-idr-against-usd-1973-2003/#comments Wed, 10 Jun 2009 01:13:20 +0000 Eksekutif http://eksekutif.ibmt.ac.id/?p=411 Agustiono
Dewi Krisdina

Abstract: The focus of this research is to find the best time lag for PPPs predictive ability to the nominal USD/IDR exchange rate. This research use CPI (Consumer Price Index) data of Indonesia and USA for the period of 1973-2003 and also the nominal exchange rate of USD/IDR for the same period. Based on those data, the PPP rates for USD/IDR are then calcu-lated. Using regression analysis, it is concluded that the best time lag for PPPs predictive ability is one year.

Key words: purchasing power parity, consumer price index, nominal exchange rate

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