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Faculty Member
Jagat Prirayani
Economics, Macroeconomics, Economics modeling, Economics Development

Profile

Jagat Prirayani, Ph.D. serves as an Assistant Professor at the School of Business and Management, Bandung Institute of Technology (SBM – ITB). He holds a Ph.D. from Adam Smith Business School, the University of Glasgow, with a specialization in economics, and a master’s degree in policy economics from the University of Illinois Urbana Champaign (UIUC), both of which were fully funded by the US and UK governments. Dr. Prirayani also completed his undergraduate studies in Industrial Engineering at Bandung Institute of Technology (ITB). His experience includes roles as a scholar at St. John’s University, New York, and the University of California, Santa Cruz.

Prior to his tenure at ITB, Dr. Prirayani gained valuable experience working at the Central Bank of Indonesia (BI) and later with the Indonesia Financial Services Authority (Otoritas Jasa Keuangan) as a bank supervisor. He was responsible in supervising and auditing banks under two provinces of South Sumatra and Bangka Belitung islands. He was also involved in the monetary economics team in the Bali regional office and North Sulawesi office. During his work in BI, Dr. Prirayani was a top five of bank supervisor in rural bank intermediate certification and a top five of chartered information system auditor certification. Before joining BI and OJK, he also contributed to the service development team at Astra Insurance and served as a project assistant at Total E&P Indonesie in East Kalimantan.

Dr. Prirayani has distinguished himself as a top 3% independent consultant on Upwork Global Inc., the world’s largest marketplace connecting businesses with independent professionals, headquartered in the United States. His clients are spanning over 30 countries and coming from various institutions such as the University of Texas, University of Abu Dhabi, Paris School of Economics, London Business School, University of Chicago, ThomasNet Inc., SpaceKnow Inc., Joseon Cybernation, and foreign central banks, among others.

As a Fulbright scholar and panelist for the 2025 Fulbright scholarship in Indonesia, Dr. Prirayani has received numerous scholarships, including the Fulbright Scholarship, the University of Illinois Policy Economics Scholarship, the College of Social Science Scholarship of the University of Glasgow, the Prof. Donald J. Robertson Scholarship, the Institute of International Education Scholarship, the USAID Scholarship, the Pertamina Scholarship, the Bank of Indonesia Scholarship, and the Indonesian Ministry of Culture Scholarship. Additionally, Dr. Prirayani actively participates as a speaker at various events, focusing on discussions related to social issues. He represented Indonesia as a speaker at the 1st Southeast Asian American Youth Conference, which was held by the U.S. Embassy in Kuala Lumpur. Recently, Dr. Prirayani just won the best popular scientific article as a runner up in the ministry of finance learning festival 2025 with his paper titled “the role of expectation in managing fiscal policy amid the global economic pressure”.

In addition to his teaching and consulting activities, Dr. Prirayani is also publishing research and books both locally and internationally. His research interests encompass macroeconomics, banking, economics, quantitative modeling, small and medium-sized enterprises (SMEs), and economic development.

Education
Research Area

Grants, Projects & Achievements

Research grant - Riset Unggulan SBM ITB. Research topic: Entrepreneurs and climate change in the framework of Dynamic Stochastic General Equilibrium. School of Business and Management. ITB. 2025.

The runner up of the best popular scientific article, Kementerian Keuangan RI festival 2025. Topic: Peran ekspektasi dalam Kebijakan Fiskal di tengah tekanan ekonomi global. 2025.

Prof. Donald J Robertson awardee. University of Glasgow. 2017.

College of Social Science awardee. University of Glasgow. 2016.

Policy economic scholarship awardee. University of Illinois Urbana Champaign. 2015

Fulbright scholarship awardee. US Department of State. 2014.

The US embassy representative at the Southeast Asia-American Alumni (SEAL) Youth Conference. Kuala Lumpur, Malaysia. 2012.

Top 5 Bank Supervisor, certification program. Bank of Indonesia. Solo, Indonesia. 2012.

Top 5 Chartered Information System Auditor (CISA), certification program. Bank of Indonesia. Semarang, Indonesia. 2011.

The US Institute of International Education. US Department of State. 2008

Publications

2025

Prirayani, J. (2025). Measuring Welfare Loss Under Macroprudential Policy Framework with Multiple Policy Instruments. International Journal of Advanced Research in Economics and Finance Vol. 7 No. 2, 57-53, 2025, e-ISSN: 2682-812X.

2025

Prirayani, J. (2025). Should Rupiah and Yuan move together?. Asian Journal of Accounting and Finance Vol. 7 No. 2, 1-24, 2025 e-ISSN: 2710-5857.

2025

Prirayani, J. (2025). Determinants of Non-Performing Loans in Rural Banks: Evidence from South Sumatra, Indonesia. Jurnal Sosial dan Teknologi Vol. 5 No. 6.

2018

Prirayani, J. (2018). Economic Modeling and Forecasting. Society Publishing, Canada. ISBN:177361259X. Available at Amazon.

2018

Prirayani, J. (2018). Behavioral Economics. Society Publishing, Canada. ISBN: 1773610287

2018

Prirayani, J. (2018). Economics of Retailing and Distribution. Society Publishing, Canada. ISBN: 1773610155. Available at Amazon.