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All Journal JURNAL EDUKASI NONFORMAL The International Conference on Education, Social Sciences and Technology (ICESST) TARBIYATUNA : Jurnal Kajian Pendidikan, Pemikiran dan Pengembangan Lembaga Pendidikan Islam Proceedings of The International Conference on Business and Economics International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC) Jurnal Kajian dan Penelitian Umum International Journal of Management Research and Economics Intellektika: Jurnal Ilmiah Mahasiswa Transaction: Journal of Taxation, Accounting, Management and Economics Akuntansi Pajak dan Kebijakan Ekonomi Digital International Journal of Economics, Commerce, and Management International Journal of Economics and Management Sciences ISNU Nine-Star Multidisciplinary International Journal Of Synergi In Law, Criminal And Justice
Wahyu Indah Sari
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Religion Arts Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences Other

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SHIFT IN LEGAL PARADIGM FROM DECENTRALIZATION TO CENTRALIZATION IN THE MANAGEMENT OF NATURAL RESOURCES FOLLOWING THE OMNIBUS LAW ON JOB CREATION Muhammad Juang Rambe; Wahyu Indah Sari; Danioko S. Sembiring
International Journal of Synergy in Law, Criminal, and Justice Vol. 1 No. 2 (2024): SLP-IJSLCJ
Publisher : PT. Sinergi Legal Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70321/ijslcj.v1i2.60

Abstract

The implementation of regional autonomy in Indonesia has undergone significant dynamics, particularly concerning changes in the distribution of authority between the central and regional governments. This reflects fluctuations in authority between the central and regional governments influenced by Indonesia's socio-political needs and context. During various periods, Indonesia has experienced shifts in authority, clearly evident in the Omnibus Law on Job Creation policy, which reinforces centralization in the management of vital sectors such as environmental protection, water resources, and electricity. This study employs a descriptive qualitative approach with case studies to examine the impact of this shift in authority, specifically in natural resource management following the enactment of the Omnibus Law. The research findings indicate that the Omnibus Law on Job Creation strengthens the centralization of authority within the central government, reduces the role of regional governments in natural resource management, and introduces stricter and more structured regulations, although there remains room for regions to tailor policies to local conditions. This shift affects the management of natural resources and oversight by the central government, which focuses on sustainable development and administrative efficiency. Therefore, the design of central-regional relations and the fiscal decentralization scheme must be adapted to existing needs and conditions to achieve ecological balance and sustainable social justice.
ANALYSIS OF MONETARY INDICATOR VARIABLES ON THE STABILITY OF PRICES OF GOODS AND SERVICES BEFORE AND DURING THE COVID- 19 PANDEMIC Gulo, Antonius; Bakhtiar Efendi; Wahyu Indah Sari
TRANSACTION : Journal of Taxation, Accounting, Management and Economics Volume 1 Issue 4 October 2023
Publisher : Arsil Media

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Abstract

This study aims to analyze the contributions of the variable interactions of monetary policy in the stability ofgoods and services prices. Where is the monetary policy variable (inflation, kurs, consumer price index, grossdomestic products, the money supply, and interest rates). Research in conducted in the country of Indonesia and uses secondary data or time series from 2008 to 2021. The data analysis model in this study is Simultaneous Model and Different Test. Simultaneous equations to analyze the relation between independent and variable variables found in the research country. Whereas different tests examine the different monetary policy variables before and during the covid-19 pandemic. Simultaneous analysis of equations on statistical test common equation 1 suggests that variable interest rates, money distribution, exchange rates and consumerprice indexes have significant adverse effects on the INF. Whereas in the same equation 2, it suggests that gross domestic product variables have a positive relationship that is significant to the CPI. And inflation has a negative relationship significantly insignificant t CPI. And different test results show that inflation movement, kurs, money supply, interest rates and CPI before and during the covid-19 pandemic in Indonesia indicate significant results. For this reason, the researcher hopes that the monetary authority, namely Bank Indonesia, can improve monetary stability and maintain the BI rate in regulating the money supply so that it can suppressthe inflation rate as an effort to stabilize the prices of goods and services.
ANALYSIS OF RUPIAH STABILITY DURING THE COVID-19 PANDEMIC Damanik, Henni Julianta; Annisa Ilmi Faried; Wahyu Indah Sari
TRANSACTION : Journal of Taxation, Accounting, Management and Economics Volume 2 Issue 3 July 2024
Publisher : Arsil Media

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Abstract

The purpose of this study was to see the differences before and during the pandemic on the variables of Exchange Rate, Inflation, Interest Rates and the Money Supply. The method used is the Differential Test method. The results of this study show that there are no significant differences between the Exchange Rate, Inflation and Interest Rate variables before and during the Covid-19 pandemic in Indonesia. Then in the Variable Amount of Money Supply there are significant differences before and during the Covid-19 pandemic in Indonesia. Thus it can be seen that there is one variable that has a significant difference and three variables that have no significant difference before and during Covid-19. Therefore, in maintaining the stability of the value of the rupiah during the pandemic, the Central Bank must be more careful in maintaining the Money Supply. Where the Money Supply itself has a significant influence both before the pandemic and during the pandemic. If the Money Supply increases, Inflation will also increase, this has an impact on the stability of the Indonesian Rupiah Exchange Rate.
Digital Economy Analysis in Driving Economic Growth in Indonesia Windi Aulia; Wahyu Indah Sari; Dewi Mahrani Rangkuty
International Journal of Economics, Commerce, and Management Vol. 2 No. 3 (2025): July : International Journal of Economics, Commerce, and Management
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62951/ijecm.v2i3.812

Abstract

This study uses a quantitative associative technique to examine how Indonesia's digital economy contributes to economic growth. For the years 2014–2023, secondary data were acquired from the Central Bureau of Statistics, Bank Indonesia, and the World Bank. The Two-Stage Least Square (TSLS) method and a simultaneous model with two equations were used to analyze the impact of monetary variables (interest rates, money supply, and inflation) and digital economy variables (internet users, e-commerce growth, and e-money users) on economic growth. The findings indicate that while e-commerce expansion and inflation have a negligible negative impact on economic growth, internet and e-money users have a large beneficial impact. In the meanwhile, inflation is significantly impacted positively by the money supply and negatively by interest rates and economic growth. These results highlight how crucial it is to manage monetary factors and improve digital infrastructure in order to promote Indonesia's economic growth in the digital age.
Analysis of Payment System Digitalization in Achieving Rupiah Stability and Financial System Stability in Indonesia Dea Dellia; Lia Nazliana Nasution; Wahyu Indah Sari
International Journal of Economics, Commerce, and Management Vol. 2 No. 3 (2025): July : International Journal of Economics, Commerce, and Management
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62951/ijecm.v2i3.813

Abstract

The purpose of this study is to examine how the growth of digital payment systems has affected Indonesia's financial system and rupiah stability. More people are using digital payment methods like e-money, credit cards, debit cards, RTGS, and QRIS as a result of technical advancements. Additionally, Bank Indonesia still encourages the adoption of digital payment methods to speed up, secure, and streamline transactions. The Two Stage Least Squares (TSLS) method is used in this study's simultaneous regression model, which employs secondary data from 2020 to 2024. The findings indicate that while inflation has a positive but negligible impact on the exchange rate, the use of credit cards and RTGS has a considerable positive impact. In the meantime, debit cards and e-money significantly reduce inflation. Inflation is significantly reduced by QRIS and the exchange rate. In order to maintain Indonesia's economic stability, it is crucial to keep enhancing literacy and security when using digital payment methods.
Analysis of Monetary and Fiscal Policy Mix in Encouraging Economic Recovery in Indonesia Dwi Ananda; Wahyu Indah Sari; Lia Nazliana Nasution
International Journal of Economics and Management Sciences Vol. 2 No. 2 (2025): May : International Journal of Economics and Management Sciences
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/ijems.v2i2.694

Abstract

This study aims to analyze the impact of the monetary and fiscal policy mix on Indonesia's economic growth during the COVID-19 pandemic in the period 2013-2023. Using the Simultaneous Regression method (Two-Stage Least Squares/2SLS), this study tests two simultaneous equations, namely the effect of exports, unemployment rate, and inflation on economic growth (GDP), as well as the effect of exchange rates (exchange rates), interest rates, and GDP on inflation. The results of the study indicate that exports and unemployment have a significant negative effect on economic growth, while inflation has a significant positive effect on GDP. Meanwhile, the exchange rate and interest rate have a significant effect on inflation, but GDP does not have a significant effect on inflation. The normality test shows that the data is normally distributed and the autocorrelation test does not detect any autocorrelation, so the model used is valid. The effectiveness of monetary policy through the exchange rate channel on economic growth was found to be positive, although not statistically significant. This finding emphasizes the importance of coordination between fiscal and monetary policies, maintaining exchange rate stability, controlling inflation, and efforts to restore the real sector and reduce unemployment to support sustainable economic growth in Indonesia. This study provides recommendations for the government and monetary authorities to strengthen policy synergy in facing economic challenges, especially during times of crisis, to ensure more effective national economic stability and recovery.
Analysis Of Monetary Policy on Financial System Stability in Indonesia, Thailand, Malaysia, Brunei Darussalam and Singapore Bardansyah Bardansyah; Bakhtiar Efendi; Wahyu Indah Sari
International Journal of Economics, Commerce, and Management Vol. 2 No. 2 (2025): April : International Journal of Economics, Commerce, and Management
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62951/ijecm.v2i2.494

Abstract

This study aims to analyze the variable contribution of the interaction of monetary policy variables (COURSE, GDP, INFLATION, CONSUMPTION and INTEREST). This study uses secondary data or time series from the first quarter of 2014 to the first quarter of 2024. The data analysis model in this study is the Structural Vector Autoregression (SVAR) model and sharpened with Impulse Response Function (IRF) and Forecast Error Variance Decomposition (FEVD) analysis. The results of the SVAR analysis show that the past variable (t-1) contributes to the current variable both to itself and other variables and from the estimation results it turns out that there is a reciprocal relationship between variables where all variables, namely monetary policy variables (GDP, INFLATION, CURRENCY, CONSUMPTION and INTEREST) contribute to each other.
ANALYSIS OF ECONOMIC INDICATORS IN IMPROVING THE TRADE BALANCE IN INDONESIA FOR THE PERIOD 2013-2023 Nababan, Jeniwati; Wahyu Indah Sari; Nasution, Lia Nazliana
TRANSACTION : Journal of Taxation, Accounting, Management and Economics Volume 2 Issue 3 July 2024
Publisher : Arsil Media

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Abstract

This study aims to analyze the monetary indicator variables on the stability of goods and services prices before and during the Covid-19 pandemic. The data used are secondary data obtained from the publications of the Central Bureau of Statistics (BPS) and Bank Indonesia (BI). The analytical method employed is the Error Correction Model (ECM) to examine the short-term and long-term relationships between monetary variables (money supply, interest rate, exchange rate, and inflation) and price stability. The results indicate that before the Covid-19 pandemic, the variables of money supply and exchange rate had a significant effect on price stability, while the interest rate had no significant effect. Meanwhile, during the Covid-19 pandemic, the interest rate and inflation significantly affected price stability, whereas the money supply and exchange rate were not significant. These findings suggest that monetary dynamics before and during the Covid-19 pandemic differed in their influence on the stability of goods and services prices.
Digital Economic Transformation Through E-Commerce and Fintech in Improving Smes Income Wahyu Indah Sari; Annisa Sanny; Eli Delvi Yanti; Maharani Era
International Journal of Economics, Commerce, and Management Vol. 1 No. 3 (2024): July : International Journal of Economics, Commerce, and Management
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62951/ijecm.v1i3.504

Abstract

The goal to be achieved from this service is the application of the digital economy through e-commerce and fintech for MSME actors in Kota Pari Village. Then it is hoped that the community/MSME actors will be able to understand that this digital economic transformation is used for the turnover of economic activities so that it will increase the income of business actors in the Pandemic Era so that the products offered are not only marketed in the local area but also internationally. Business actors are increasingly aware of this digital economic transformation, so it is hoped that they will be able to increase their income through product sales by increasing production, expanding sales areas in e-commerce that are already available on the android application. This service activity plan will be carried out for 1 day with counseling with the theme of Education on Digital Economy Transformation Through E-commerce and Fintech in increasing the income of business actors in the COVID-19 Pandemic Era in Kota Pari Village, Pantai Cermin District, Serdang Bedagai Regency and evaluating the results by re-observing the community/MSME actors by looking at the income results and the level of purchasing power of the community.
Co-Authors Abdi Sugiarto Ade Andani Adek Arya Adhe Friam Budhi Annisa Sanny Bakhtiar Efendi Bardansyah Bardansyah Damanik, Henni Julianta Danioko S. Sembiring Dea Dellia Dewi Mahrani Rangkuty Diwayana Putri Nasution Dwi Agustia Kurnianingsih Dwi Ananda Elfira Annisa Eli Delvi Yanti Erine Novianta Fakhirah Batubara Faried, Annisa Ilmi Feri susilawati Gulo, Antonius Hilmi Lia Nazliana Nasution Lia Nazliana Nasution Lia Nazlianan Nasution Lola Irmayunda Maharani Era Muhammad Juang Rambe Nababan, Jeniwati Rachmad Ikhsan Raihan Zuhri Rapita Damanik Resti Triana Ningsih Rizki Ramadhan Rowiyah Asengbaramae Sugiarto, Abdi Windi Aulia Yenti Arsini Zalika Sabina