The implications of changes in the level of financial inclusion for welfare-maximising monetary policy. As in the previous literature on limited asset market participation, our model is based on the assumption that only financially included households are able to smooth their consumption in response to income volatility, whereas financially excluded households consume their entire labour income each period. We have extended the theoretical analysis of Galí et al (2004) by characterising optimal monetary policy and determining how the ratio of output volatility to inflation volatility varies with the degree of financial inclusion.

https://www.bis.org/publ/work476.pdf

You should consult the Scopus database or Google Scholar for your research.

Very interesting topic of your research! Perhaps a bit more focus?

Hii... Keir.... I'm Mohammad H. Holle. Regarding the question of Financial Inclusion indicators, in the research I did, I used general indicators that are also used by the World Bank and the Indonesian Financial Services Authority. the indicators are: Access, Quality, and Usage. so my brother.

Succses for you my brother

Interesting topic

In my opinion, financial inclusion is a breakthrough from financial practitioners and banking operators around the world, so that people want to use banking more either as a place to save money or to get credit in their business. so the variables that can be used are:

1. Knowledge of Financial Products and Services

2. Knowledge and Awareness of Risks Related to Financial Products

3. Financial Planning and Management

4. Customer Protection

If the variable is Ms. Luluk conveys more precisely on his Financial Literacy. If the public's financial literacy is high, of course it will have an impact on Financial Inclusion

Yes, financial literacy is an element that affects levels of financial inclusion I have surveyed

Mr. kheira, that's right. In Indonesia, Financial Literacy also has a positive impact on Financial Inclusion. This means that governments in any country must take massive and consistent steps towards public financial literacy, especially target communities for inclusion, such as people in border areas or suburban areas, rural areas, migrants, the poor, without business capital, and people who are underprivileged. low level of education.

Hai Jan

https://www.bis.org/publ/work476.pdf

Monetary policy reaches people, businesses and governments through the financial system. By adjusting our interest rates, for instance, we can influence how expensive it is for people and businesses to borrow money from banks. That affects how much people and businesses spend and invest.