The construction of smart villages has begun in many Indonesian villages, along with the advancement of technology and local economic growth. Villagers must participate in constructing the smart economy-smart village by becoming familiar with the characteristics of the village's inhabitants using the citizen science model. This study intends to categorize villagers so that researchers can assess and decide their level of readiness for a smart economy in an ecosystem based on a smart village. Clustering is required to find communities of residents who are ready based on their traits. Using fuzzy C-Means with a Davied Bouldin Index value of 0.129, the data were divided into 4 clusters. The most important variables were chosen using information from the test's 300 responders, and the Kaiser Mayer Olkin assumption of 0.975 was used to validate the results. Our paper provides new information on how smart village readiness is assessed by the citizen science cluster. It was decided to divide residents into four groups: those who are less prepared (24.33%), those who are somewhat prepared (29.33%), those who are ready ( 25.67%) %), those who are ready (level of participatory knowledge), and those who are very ready for the smart economy (20.67%) based on the cluster model.

The woodcraft industry has been developing in Bali for more than half a century in the form of family business (SMEs) which is currently managed by the third generation or the transition from the second to the third generation, where this phase is the climax of the family business. Apart from contributing to tourism, this craft business also has cultural values. Moreover, the tourism situation and macroeconomic shocks have had an impact on business conditions. This research aims to analyze the performance of a woodcraft family business based on a family and financial approach, through a two by two matrix analysis as well as to analyze the determining factors of willingness to succession of woodcraft family business in Bali, with MICMAC analysis. The results show that the performance of the family business in this case is high emotional but low financial capital. There are 18 identified factors related to the willingness to succeed in the woodcraft family business, and the most influential factor (existing and forecasting) is the participative leadership style, while the most dependent is personal interest which is the involvement of the successor from an early age in family business activities.

This research investigates the impact of inflation on income inequality in Indonesia. This study is part of a comprehensive examination investigating which monetary policy can be utilized to lessen inequality. As a central bank objective, inflation can influence the distribution of income, wealth, and endogenous consumption, hence defining inequality. This study employed dynamic panel data analysis for linear autoregressive data using the generalized method of moments (GMM) for both first differences GMM (FD-GMM or AB-GMM) and system GMM (Sys-GMM or BB-GMM) with regional data from 58 cities in 2010-2020. The Arellano-Bond estimator reveals a positive and statistically significant association between inflation and inequality. When inflation rises, the purchasing power of the poor will decline, while the wealthiest will benefit as their non-cash assets proliferate. This study finds, indirectly, that Indonesia’s monetary policy can play a crucial role in lowering income distribution gaps. As one of the nations with an inflation-targeting framework, the Indonesian Central Bank can target the inflation rate by considering inequality. The ITF becomes the most effective monetary policy for stabilizing prices and promoting economic stability. The ITF reduces income inequality by reducing inflation rates. The study also finds that, similar to other emerging nations, economic growth in Indonesia exacerbates inequality. Poverty can be reduced by increased economic growth, but the positive impact of development on the wealthy is significantly more significant than on the poor. Therefore, economic expansion increases inequality.