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ANALYSIS OF FACTORS AFFECTING THE DEMAND FOR MONEY IN INDONESIA Fatihah, Vahlefi Rahmat; Pasaribu, Esti
Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA) Vol 8 No 1 (2024): Edisi Januari - April 2024
Publisher : LPPM STIE Muhammadiah Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31955/mea.v8i1.3897

Abstract

Demand for money is defined as people's tendency to save money for various purposes, such as transactions, anticipation, and speculation. Many factors related to economic, social, political and psychological conditions influence the demand for money. This research aims to evaluate the impact of various variables on money demand in Indonesia from 2018 to 2023. This research uses an Error Correction Model (ECM), which can measure short-term and long-term correlations between the variables studied. The money supply (M2) is the dependent variable of this research, and the independent variables are interest rates, inflation and the US dollar exchange rate against the rupiah. The results show that except for inflation, all independent variables influence money demand significantly in the long run. In the short term, only the rupiah exchange rate has a significant influence on the demand for money.
DO CORRUPTION, FINANCIAL DEEPENING, AND INFLATION DRIVE ECONOMIC GROWTH IN SUMATRA? Febriani, Ratu Eva; Filloza, Nauval Zaky; Ekaputri, Retno Agustina; Pasaribu, Esti
Jurnal REP (Riset Ekonomi Pembangunan) Vol. 8 No. 2 (2023): Oktober 2023
Publisher : Universitas Tidar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31002/rep.v8i2.1096

Abstract

This study investigates whether the effect of corruption, financial deepening, and inflation on economic growth exists employing panel regression of 10 provinces on the island of Sumatra over the period 2012-2020. Using the fixed effect model as the best model, the results confirm that between corruption, financial deepening, inflation and economic growth, a simultan relationship exists. Moreover, the FEM panel regression estimations indicate that corruption does not significantly affect economic growth, whereas financial deepening and inflation positively affect economic growth. The policy implication is that, for every province in Sumatra Island, boosting financial deepening and inflation can help promote economic growth. The policy effects are related to the prosperity of different regions.
Effectiveness of Monetary Policy in Indonesia Pasaribu, Esti; Ekaputri, Retno Agustina; Yefriza, Yefriza
Integrated Journal of Business and Economics (IJBE) Vol 7, No 2 (2023): Integrated Journal of Business and Economics
Publisher : Universitas Bangka Belitung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33019/ijbe.v7i2.645

Abstract

This research investigated the effectiveness of the monetary policy in Indonesia. A cumulative summary test was used to determine the response of economic growth to monetary policy between 1990-2020. Furthermore, the data on gross national income, money supply, inflation, exchange rate, and interest rate was processed using error correction model regression. The results showed that monetary policy improved economic growth through channels of inflation and money supply, and the correlation was strong and valid both in the short and long term. The correlation of exchange rate and interest rate to economic growth was also observed to be significant only in the long term. The four variables had a significant, simultaneous effect on Indonesia's GDP. Therefore, the government needs to pay special attention to the enactment of monetary policy.
EDUKASI GERSIK PADA PEDAGANG PASAR TRADISIONAL PEMATANG GUBERNUR, KOTA BENGKULU DALAM MENGHADAPI PANDEMI CODID-19 Anandyawati, Anandyawati; Pasaribu, Esti; Setiono, Panut; Yuristia, Rahmi
Martabe : Jurnal Pengabdian Kepada Masyarakat Vol 4, No 2 (2021): Martabe : Jurnal Pengabdian Kepada Masyarakat
Publisher : Universitas Muhammadiyah Tapanuli Selatan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31604/jpm.v4i2.531-537

Abstract

Gersik Education is an activity to socialize the movement to clean yourself and the surrounding environment to prevent the spread of the Covid-19 virus. This service activity was carried out at the Traditional Afternoon Market, Pematang Governor Village, Bengkulu City. The activity was carried out from May to August 2020. This activity involved 149 traders. This service activity consists of three main activities, namely: first, socialization about GERSIK (the movement to clean oneself and the environment) through speeches and using posters, second, the distribution of masks and hand sanitizers and the third to build public facilities in the form of hand washing stations. Based on the results of the implementation, periodic monitoring and evaluation of community service activities, it can be concluded that the community service activities specifically Covid-19 at the Governor's Evening Market, Bengkulu City are running effectively. This can be seen from the high enthusiasm of the community in participating in outreach activities carried out by the service team and the increasing level of awareness of traders to use masks and wash their hands.