scholarly journals The factors affecting the rupiah exchange rate in Indonesia

2020 ◽  
Vol 18 (1) ◽  
pp. 37-46
Author(s):  
Nadya Carissa ◽  
Rifki Khoirudin
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Money Supply ◽  
Inflation Rate ◽  
Secondary Data ◽  
Balance Of Payments ◽  
Analysis Method ◽  
Factors Affecting ◽  
Multiple Regression Models ◽  
The Government

This study to determine the money supply, interest rates, inflation, and imports toward rupiah exchange rates. The analysis method in this study used a quantitative approach that applies multiple regression models. Data used secondary data in the form of time series during the period of August 2016 until June 2019. The finding's results show that jointly money supply, interest rates, inflation, and imports have a significant effect on the rupiah exchange rate. While partially, the variable of money supply, interest rates, and imports has a positive and significant effect on the rupiah exchange rate. But the inflation rate has an insignificant effect on the Rupiah exchange rate. From the results of this study the government is expected to control the money supply and maintain the balance of payments by minimizing the amount of imports.

scholarly journals DAMPAK KEBIJAKAN FISKAL DAN MONETER DALAM PEREKONOMIAN INDONESIA

2020 ◽  
Vol 2 (3) ◽  
Author(s):  
Ada Tua Pardamean
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Interest Rates ◽  
Money Supply ◽  
Government Expenditure ◽  
Secondary Data ◽  
Tax Revenue ◽  
Linear Regression Models ◽  
The Government ◽  
The Impact

The trade-off between achieving price stability and economic growth, especially in the short term is the impact of a decision-making dilemma for the conduct of fiscal policy or monetary policy in the Indonesian economy. The problem is what lies behind this study and aimed to determine the impact of fiscal and monetary policies on the Indonesian economy. The data used are secondary data sourced from Bank Indonesia and BPS variables namely GDP, Government Expenditure, Tax Revenue, Export, Exchange Rate, Money Supply, Interest Rates for time series from 2000 to 2012. Data analysis was performed using Two Stage Least Squares (TSLS) estimation with multiple linear regression models using Eviews 5.0 program assistance. The results of this study it can be concluded that the simultaneous equation model on IS to variable Interest Rate and a significant negative effect on GDP of Indonesia, while the Government Expenditure variable (G0), Export (X0) and Tax Revenue (Tx) and Exchange Rate (ER) effect positively and significantly to Indonesia's GDP, while the equation for the LM model of the Money Supply variables significantly and negatively related to Indonesia's GDP increased at a rate statistically a = 10% and for variable interest rate is not significantly to Indonesia's GDP.

DETERMINAN INFLASI DI INDONESIA PERIODE 1980-2015

2016 ◽  
Vol 21 (1) ◽  
pp. 1-7
Author(s):  
Risna Risna
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Money Supply ◽  
Government Spending ◽  
Positive Impact ◽  
Secondary Data ◽  
Quantitative Approach ◽  
State Spending ◽  
Factors Affecting ◽  
The Interest Rate

This study aims to determine the effect of government spending, the money supply, the interest rate of Bank Indonesia against inflation.This study uses secondary data. Secondary data were obtained directly from the Central Bureau of Statistics and Bank Indonesia. It can be said that there are factors affecting inflationas government spending, money supply, and interest rates BI. The reseach uses a quantitative approach to methods of e-views in the data. The results of analysis of three variables show that state spending significantand positive impact on inflationin Indonesia, the money supply significantand negative to inflationin Indonesia, BI rate a significantand positive impact on inflation in Indonesia

scholarly journals ANALISIS DETERMINASI INFLASI DI INDONESIA

2016 ◽  
Vol 12 (1) ◽  
pp. 89-96
Author(s):  
Ari Mulianta Ginting
Keyword(s):  
Money Supply ◽  
Inflation Rate ◽  
Secondary Data ◽  
Negative Influence ◽  
Community Needs ◽  
Goods And Services ◽  
Public Consumption ◽  
High Inflation ◽  
Macroeconomic Indicators ◽  
The Government

Inflation is one of the macroeconomic indicators of concern for the government. The high inflation rate could disrupt the economy. This study tried to analyze the factors that cause inflation in Indonesia. This study used a qualitative and quantitative approach using secondary data period 2004-2014. The results of the qualitative analysis showed that in the period 204-2014 inflation rate in Indonesia was fluctuated  While the results of the regression analysis VECM, indicating that the inflation rate in Indonesia is influenced by the variable of  exchange rate, money supply and level of consumption. While the GDP variable has a negative influence on inflation. In order to control the inflation rate the government could use macroeconomic variables such as exchange rates, the money supply well. Besides controlling public consumption at a good level and increase the production of goods and services to meet community needs.   Inflasi merupakan salah satu indikator ekonomi makro perhatian bagi pemerintah. Tingkat inflasi yang tinggi dapat mengganggu perekonomian. Penelitian ini mencoba untuk menganalisis faktor-faktor yang menyebabkan inflasi di Indonesia. Penelitian ini menggunakan pendekatan kualitatif dan kuantitatif dengan menggunakan periode data sekunder 2004-2014. Hasil analisis kualitatif menunjukkan bahwa tingkat inflasi periode 204-2014 di Indonesia berfluktuasi. Sementara hasil VECM menunjukkan bahwa tingkat inflasi di Indonesia dipengaruhi oleh variabel nilai tukar, uang beredar dan tingkat konsumsi. Sementara itu variabel GDP memiliki pengaruh negatif pada inflasi. Untuk mengendalikan tingkat inflasi pemerintah dapat menggunakan variabel ekonomi makro seperti nilai tukar, uang memasok baik. Selain mengendalikan konsumsi masyarakat pada tingkat yang baik dan meningkatkan produksi barang dan jasa untuk memenuhi kebutuhan masyarakat.

scholarly journals ANALISIS PENGARUH FAKTOR VARIABEL MAKROEKONOMI TERHADAP JAKARTA ISLAMIC INDEX (JII) PERIODE 2010 – 2013

2014 ◽  
Vol 3 (2) ◽  
Author(s):  
Herni Ali
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Regression Models ◽  
Secondary Data ◽  
Macroeconomic Variables ◽  
Multiple Regression Models ◽  
Negative Effect ◽  
The Exchange Rate ◽  
The Relationship ◽  
Positive Effect

The aim of this study is examining the relationship between cointergration and causality levels of Exchange Rate, GDP, BI interest rates and inflation on Islamic Capital Markets. The data used in this study is a quantitative secondary data in the form of time series of the period January 2010 to December 2013. The test were conducted with the approach of multiple regression models with variable index research JII (Y), the exchange rate (X1), GDP (X2) , BI rate (X3) and inflation (X4) as for hypothesis testing performed using SPSS statistical software. From the results obtained by testing the hypothesis that: a positive effect on the exchange rate, positive effect on GDP, interest harga sewa rates BI negative effect and inflation positive effect on JII. Simultanious testing into four macroeconomic variables affect the JII.DOI: 10.15408/sjie.v3i2.2061   

scholarly journals The Effect of Some Economic Variables on Economic Growth in Indonesia Period 2010- 2017

2019 ◽  
Vol 9 (1) ◽  
pp. 757-761
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Interest Rates ◽  
Money Supply ◽  
Secondary Data ◽  
Economic Factors ◽  
Regression Methods ◽  
Exchange Rate Fluctuations ◽  
The World Bank ◽  
Macro Variables

Exchange rate fluctuations are caused by interactions between economic factors and non-economic factors. The purpose of this study is to see the effect of the fluctuations in the rupiah exchange rate on economic growth along with several macro variables in Indonesia. The analytical method used in this study is multiple regression methods, namely testing the hypothesis about the effect of rupiah exchange rate fluctuations (KURS), inflation (INF), Foreign Direct Investment (FDI), Indonesian bank certificate interest rate (SBI), and Money Supply (JUB ) to the Indonesian economy (GRDP). The data used in this study are secondary data taken from Bank Indonesia, the Central Bureau of Statistics, and the World Bank. The research method used is multiple linear regrelsi method using eviews application. The results of this study indicate the exchange rate, inflation and the money supply have a negative direction with economic growth while foreign investment (FDI) and interest rates on Bank Indonesia Certificates (SBI) have a positive and significant direction towards economic growth in Indonesia.

scholarly journals Monetary Policy Variables Relevance on Balance of Payments Adjustment in Nigeria 1980-2020

2021 ◽  
Vol 07 (08) ◽  
Author(s):  
Gerald, Chimezie Nwadike ◽  
◽  
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Budget Deficit ◽  
Inflation Rate ◽  
Balance Of Payments ◽  
Real Gross Domestic Product ◽  
Domestic Credit ◽  
Balance Of Trade ◽  
The Government

This study examines monetary policy relevance on the Nigerian balance of payments adjustment, form 1980-2020. Objectives are; to examine the relevance of monetary policy variables such as Exchange rate, Inflation rate, Balance of trade, Real Gross Domestic Product and Domestic Credit on the Nigerian balance of payments adjustment. Evaluate the significant speed of adjustment of monetary policy variables such as Exchange rate, Inflation rate, Balance of trade, Real Gross Domestic Product and Domestic Credit on the balance of payments adjustment within the period under study. The study employed the following advanced econometric techniques; Augmented Dickey-Fuller (ADF) and Phillips-Perron (PP) tests, chow test, ECM model OLS model, statistical tests & Co-integration test. Based on the above econometric techniques conducted, it was observed that group unit root test result shows that variables used in the study became stationary after the first differenced at degree of order one I(I). There is Co-integration (long run relations) among variables used in the study. Our results indicated rejection of the two null hypotheses of this study and acceptation of the alternative three hypotheses that said; Nigerian monetary policy variables such as Exchange rate, Inflation rate, Balance of trade and Domestic Credit have significant relevance on the Nigerian balance of payments adjustment. Nigerian monetary policy variables used have significantly three years to adjust balance of payments adjustment in the Nigerian economy within the period of the study. The researcher recommends that; the need to manage domestic liquidity wisely in view of the tremendous pressure on the balance of payments of excess money. A determined effort to mobilize resources through private saving and the implementation of a prudent fiscal policy through efficient collection of tax revenues, rationalization of government expenditure towards growth enhancing and poverty reduction programmes will also enable the government to pursue its development programs without having to rely on the monetization of its budget deficit. Overall concentration on monetary tools solely should be reduced and employ other policy instruments to correct the balance of payment fluctuation. The government should also be cautious of budget deficit that are often time financed by internal borrowings.

scholarly journals PENGENDALIAN INFLASI, MONETER, DAN FISKAL DALAM PERSPEKTIF EKONOMI MAKRO ISLAM

2021 ◽  
Vol 6 (2) ◽  
pp. 199-210
Author(s):  
Triwahyuni Triwahyuni
Keyword(s):  
Interest Rates ◽  
Inflation Rate ◽  
Relevant Literature ◽  
Secondary Data ◽  
Fiscal Policies ◽  
Economic Stability ◽  
Macroeconomic Policies ◽  
Library Research ◽  
The Government ◽  
Development Objectives

The economic development of a country, including in Indonesia, cannot be separated from the monetary and fiscal policies adopted by each country concerned. However, the monetary and fiscal policies adopted by each country vary depending on the real economic conditions, the direction and development objectives to be achieved. In principle, the management of monetary and fiscal policies aims to maintain the inflation rate by regulating the circulation of money and interest rates which tend to increase in society. The purpose of this research is to find out how the government controls inflation, monetary and fiscal, and their impact on the economy from an Islamic macroeconomic perspective. The method used is library research method and the data used is secondary data which is in accordance with a number of relevant literature. As an effort to overcome inflation, monetary and fiscal policies, the government needs to carry out macroeconomic policies in relation to achieving the inflation target and economic growth. Thus, every country needs to maintain economic stability in accordance with the challenges it faces.

scholarly journals EVALUASI FAKTOR EKONOMI MAKRO DALAM MEMPENGARUHI HARGA SAHAM

2020 ◽  
Vol 2 (1) ◽  
pp. 21-28
Author(s):  
Slamet Ardi Restiawan ◽  
Rinda Asytuti
Keyword(s):  
Regression Analysis ◽  
Exchange Rate ◽  
Money Supply ◽  
Stock Price ◽  
Hypothesis Test ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Analysis Method ◽  
Test Requirements

This study was used to determine the effect of macro economy on stock price of PT Telkom's. The condition of macro economic includes SBI, rupiah exchange rate, inflation, and also money supply. This type of research is quantitative using secondary data. The data taken is monthly closing of each variable, the sample used is saturated as much as 48 months. The data analysis method used is multiple linear regression analysis which previously met the classic assumption test requirements and also the hypothesis test. From the results of the analysis, it is known that SBI, rupiah exchange rate, inflation, money supply affect the stock price. Implications and suggestions are explained in the article

scholarly journals Analysis of Factors Affecting the Number of Foreign Tourists to Indonesia

2021 ◽  
pp. 102-112
Author(s):  
Siti Riska Ulfah H ◽  
Lukytawati Anggraeni ◽  
Muhammad Firdaus
Keyword(s):  
Exchange Rate ◽  
Time Series Data ◽  
Secondary Data ◽  
Series Data ◽  
Factors Affecting ◽  
Section Data ◽  
Foreign Tourist ◽  
Tourism Sector ◽  
The Exchange Rate ◽  
The Government

Indonesia's tourism potential can be used as the main driver of the Indonesian economy. This study aims to analyze the performance of the Indonesian tourism sector and analyze the factors that influence the number of foreign tourist visits to Indonesia. The method used in this research is a descriptive qualitative analysis method and static panel model analysis. The type of data used in this study is secondary data, including annual time series data for five years, from 2010 to 2014. It also includes cross-section data from nine countries that are the main visitors to the Indonesian tourism sector, namely Singapore, Malaysia, Australia, China, Japan, South Korea, Philippines, UK, and the USA. The development and growth of the performance of the Indonesian tourism sector increased in the period 2010 to 2014. The number of foreign tourist arrivals to Indonesia is influenced by the variables of Gross Domestic Product (GDP) per capita of the country of origin, economic distance, relative prices, and security dummy which have a significant effect on the number of foreign tourist visits to Indonesia, while the exchange rate and dummy travel warning variables have no significant effect. Therefore, the government needs to maintain the stability of the exchange rate and inflation rate as well as the coordination of related parties and institutions in maintaining political, economic, social stability and increasing the promotion of Indonesian tourism to foreign countries.

scholarly journals An Assessment of the Nexus Between Government Expenditure and Inflation in Nigeria

2019 ◽  
Vol 19 (2) ◽  
pp. 102-116
Author(s):  
Adewale Atanda Oyerinde
Keyword(s):  
Exchange Rate ◽  
Money Supply ◽  
Inflation Rate ◽  
Strong Association ◽  
Government Expenditure ◽  
Secondary Data ◽  
Strong Relationship ◽  
Cointegration Analysis ◽  
Long Run ◽  
Short Run

Abstract Research Background: The on-going debate concerning the exact relationship that exists between inflation and government expenditure especially in the long and short run prompted this research. Purpose: The study assesses the relationship between government expenditure and inflation in Nigeria. Apart from government expenditure and inflation rate, other variables such as exchange rate and money supply are included to ensure a robust model. Research Methodology: Secondary data from 1980 to 2017 were collected and analysed using the Johansen Cointegration analysis and vector error correction model. Results: The results showed that apart from the bi-directional relationship that exists between the variables, there exists a strong relationship between government expenditure and inflation rate and that a significant impact is sustained from the short run through the long run. The exchange rate and money supply also exhibit a strong association with government expenditure. Novelty: The study has underscored the importance of the inflation rate in Nigeria as it affects government spending by focusing more on inflation rather than the movement that was the focus of most of the previous studies. It has also shown the causality flow from both inflation and government expenditure, which hitherto remains contentious.

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