Saptenno, Fibryano
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ANALISIS SUKU BUNGA DAN NILAI TUKAR TERHADAP IMBAL HASIL SURAT UTANG NEGARA DI INDONESIA Louhenapessy, Fredy H.; Ramly, Amin; Sapthu, Andre; Saptenno, Fibryano
Jurnal Cita Ekonomika Vol 18 No 2 (2024): Cita Ekonomika: Jurnal Ilmu Ekonomi
Publisher : Jurusan Ekonomi Pembangunan, FEB Universitas Pattimura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51125/citaekonomika.v18i2.16185

Abstract

This study aims to analyze the effect of interest rates, exchange rates and the consumer price index on the yield of Government Securities (SUN) in Indonesia from 2005 to 2023. This study uses multiple linear regression methods, this study examines the relationship between independent variables, namely interest rates, the exchange rate of the rupiah against the United States dollar and the CPI on the dependent variable, namely yield SUN. The results showed that interest rates have a positive but insignificant effect on SUN yield or are not strong enough to be considered significant in determining the overall SUN yield. The rupiah exchange rate has a negative but significant effect on SUN yield,where the depreciation of the rupiah against the dollar tends to increase yield as compensation for exchange rate risk.Meanwhile, CPI has a negative and insignificant effect on SUN yield, indicating that although an increase in CPI, which reflects inflation, tends to be followed by a decrease in SUN yield, its influence is not strong enough to be the main factor in determining yield. These findings provide important implications for policy makers and market participants in understanding the dynamics of the Indonesian bond market and in managing national financial stability.
Factors Affecting Unemployment In Maluku Province Saptenno, Fibryano; Amin, Amin; Sangur, Korneles; Liur, Lisye Magdalena
Jurnal Ekonomi Vol. 13 No. 02 (2024): Jurnal Ekonomi, Edition April - June 2024
Publisher : SEAN Institute

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Abstract

The research objective is to determine the effectiveness of fiscal and monetary policies in overcoming the problem of unemployment in Maluku Province. The research method used is quantitative research, using time series secondary data with a data range from 2011-2023. The research data consists of Maluku Province government expenditure data, BI Rate data, and Maluku Province Open Unemployment Rate (TPT) data. Data comes from the official website of the Indonesian Central Statistics Agency (BPS) and the Directorate General of Fiscal Balance, Ministry of Finance of the Republic of Indonesia (Djpk Kemenkue), the analysis tool uses multiple regression, data is obtained with the help of the Eviews 12 application. The research results partially show the influence of fiscal policy variables on the unemployment variable has a negative regression coefficient with prob. t-statistic is less than α 5%, while the influence of the monetary policy variable on the unemployment variable has a positive regression coefficient with prob. t-statistic is greater than α 5%, simultaneously the fiscal and monetary policy variables on unemployment have prob. f-statistic is smaller than α 5%. Research conclusions (1) fiscal policy has a significant effect on reducing the unemployment rate, (2) monetary policy has an insignificant effect on increasing the unemployment rate, (3) fiscal and monetary policy together have an effect on the unemployment rate in Maluku Province .