Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Trikonomika: Jurnal Ekonomi
Fiko Farlis
Universitas Dharma Andalas, Indonesia
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
SIMULTANEOUS ANALYSIS OF INFLATION AND MONEY SUPPLY IN INDONESIA Jolianis Jolianis; Fiko Farlis; Putri Sari; Dina Amaluis
TRIKONOMIKA Vol 25 No 1 (2026): June Edition
Publisher : Faculty of Economics and Business, University of Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/trikonomika.v25i1.42100

Abstract

This study investigates the structural relationship between inflation and money supply in Indonesia using a simultaneous equations framework. Specifically, it examines how money supply, interest rates, fuel prices, and government expenditure affect inflation, and how inflation, interest rates, exchange rates, and household consumption affect money supply. Using annual data (1993–2024), a two-stage least squares (2SLS) model was applied. Results show inflation is jointly influenced by all tested variables, though only money supply and interest rates exert significant partial effects. Similarly, money supply is simultaneously affected by its four variables, but only inflation remains partially significant. These findings confirm a bidirectional relationship between inflation and money supply, supporting that monetary expansion drives inflationary pressures. The study highlights the value of simultaneous equation modeling for understanding macroeconomic interdependence and guiding reliable policy formulation.
Co-Authors Dina Amaluis Jolianis Jolianis Putri Sari