Vol. 4 No. 4 (2026): May
Open Access
Peer Reviewed

Resilience of Indonesian Stock Market to Fed Policy

Bibliometric Review

Authors

Muhammad Rijal Alim Rahmat , Rahmat Burhamzah

DOI:

10.47353/ecbis.v4i4.322

Published:

2026-05-06

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Abstract

This study conducts a bibliometric analysis of literature (2015-2025) on Indonesian stock market resilience to Federal Reserve monetary policy shocks. Data were collected from Google Scholar using Publish or Perish 8 with relevant keywords. A total of 82 publications with 476 citations (h-index = 9) were identified. VOSviewer was used for bibliometric analysis to map keyword co-occurrence in titles and abstracts. Network visualization revealed three dominant clusters: (1) Federal Reserve monetary policy and capital flow spillovers, (2) market volatility and investor behavior, and (3) financial resilience and domestic policy responses. The overlay timeline indicated a shift from spillover and volatility issues in mid-decade to resilience topics in recent years. The literature suggests that while the Indonesian stock market remains sensitive to Fed rate changes, it has shown growing resilience due to proactive domestic policy interventions

Keywords:

Bibliometrics Federal Reserve Indonesian stock market monetary policy resilience

References

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Author Biographies

Muhammad Rijal Alim Rahmat, Univeristas Negeri Makassar

Author Origin : Indonesia

Rahmat Burhamzah, Universitas Negeri Makassar

Author Origin : Indonesia

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How to Cite

Rahmat, M. R. A., & Burhamzah, R. (2026). Resilience of Indonesian Stock Market to Fed Policy: Bibliometric Review. Economics and Business Journal (ECBIS), 4(4), 1113–1120. https://doi.org/10.47353/ecbis.v4i4.322

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