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HOW IS THE MONETARY AND FISCAL POLICY RELATED TO INTERNATIONAL TRADE ? Rangkuty, Dewi Mahrani; Nasution, Lia Nazliana; Hasyyati, Zata; Siregar, Sulisna Dewi; Firmansyah, Didi
International Conference on Humanity Education and Society (ICHES) Vol. 3 No. 1 (2024): Third International Conference on Humanity Education and Society (ICHES)
Publisher : FORPIM PTKIS ZONA TAPAL KUDA

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Abstract

Policymakers have grappled with issues arising from disparities in monetary, fiscal, and trade activities. Macroeconomists and policymakers employ fiscal and monetary policies as primary instruments to tackle these challenges. This study aims to describe how is the monetary and fiscal policy related to international trade. It is a descriptive qualitative research with a literature study method. Interest rates and money stand out as pivotal variables, garnering significant attention from Bank Indonesia due to their strong interaction with the government budget. The fiscal policy multiplier tends to be low in Indonesia.
The Effectiveness Of The Exchange Rate on The Amount of Foreign Exchange Reserves in Indonesia Dwitama, Dimas Rastra; Nasution, Lia Nazliana; Efendi, Bakhtiar; Sari, Wahyu Indah
Economic: Journal Economic and Business Vol. 1 No. 1 (2022): ECONOMIC: Journal Economic and Business
Publisher : Lembaga Riset Mutiara Akbar (LARISMA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56495/ejeb.v1i1.226

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This study aims to analyze the interaction variables of fiscal transfer policy variables. (Foreign Exchange Reserves, Imports, Exports, Exchange Rates and GDP). This study uses secondary data or from 2000 - 2019. The data analysis model in this study uses the Vector Autoregression (VAR) model and is sharpened by Impulse Response Function (IRF) Analysis, Forecast Error Variance Decomposition (FEVD). The results of the VAR analysis show that previously (t – p) contributed to the current variable, both alone and to other variables. The results of the FEVD analysis show that all variables have a major contribution to the variables themselves in the short, medium and long term, namely Foreign Exchange Reserves, Imports, Exports, Exchange Rates and GDP. The results of the analysis of each variable of monetary policy transmission and the effectiveness of the Exchange Rate on Reserves Short, medium and longterm exchange rates show that policy transmission can maintain the Indonesian economy
The Effectiveness of Monetary Policy Transmission on Economic Growth in North Sumatra Fahri Yadi; Rangkuty, Dewi Mahrani; Nasution, Lia Nazliana
International Journal of Economics, Commerce, and Management Vol. 1 No. 4 (2024): October : 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.v1i4.220

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This study aims to determine the effect of monetary policy on economic growth. This study uses the Vector Autoregression method by completing the assumption test and estimation on the research variables of inflation, investment, credit, interest rates and gross regional domestic product. Time series research data from 2003-2022 sourced from the Central Bureau of Statistics of North Sumatra (BPS) SUMUT with the results obtained are inflation and interest rates give the results that inflation is influenced by investment and credit, until investment affects gross regional domestic product. Then credit also affects inflation and interest rates and gross regional domestic product is influenced by investment and credit. Thus, in determining policies that encourage economic growth the government must consider a more coordinated monetary policy strategy to deal with the dynamics of strengthening interest rates, controlling inflation, can be measures that support economic stability.
The Monetary and Fiscal Policies on International Trade in Indonesia Rangkuty, Dewi Mahrani; Nasution, Lia Nazliana; Hasyyati, Zata; Siregar, Sulisna Dewi; Firmansyah, Didi
The Es Economics and Entrepreneurship Vol. 3 No. 01 (2024): The Es Economics And Entrepreneurship (ESEE)
Publisher : Eastasouth Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/esee.v3i01.297

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This study is to analyze how monetary and fiscal policies contribute to trade performance in Indonesia. The specific target of this study is to analyze the contribution and influence of variables such as exchange rate, inflation, trade balance, government expenditure, Tax, and investment in the short, medium and long term in Indonesia. So that it can show how much the contribution and influence of monetary and fiscal variables on trade performance in Indonesia. The results of this study explain that the largest contribution to the trade balance is the government expenditure and investment in the previous period, the largest contribution to inflation is the government expenditure and investment in the previous period, the largest contribution to government expenditure is the exchange rate and government expenditure itself in the previous period, the largest contribution to investment is government expenditure and investment itself in the previous period, the largest contribution to the exchange rate is the exchange rate itself and investment in the previous period, the largest contribution to Tax is government expenditure and exchange rate in the previous period.
Perkembangan Transaksi Ekonomi Digital di Indonesia Raihan Zuhri; Rangkuty, Dewi Mahrani; Wahyu Indah Sari; Nasution, Lia Nazliana; Bakhtiar Efendi; Rusiadi
Intellektika : Jurnal Ilmiah Mahasiswa Vol. 2 No. 6 (2024): November: Jurnal Ilmiah Mahasiswa
Publisher : STIKes Ibnu Sina Ajibarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59841/intellektika.v2i6.1942

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The digital economy in Indonesia has both positive and negative impacts on the country's development. The development of the digital economy allows the government or society to become a platform for carrying out various types of economic transactions. This research was designed to analyze the development of the digital economy and the behavior of social media users in economic transactions. .In this research, descriptive analysis method was used using literature study. The development of the digital economy in Indonesia not only encourages economic growth, but also changes the way people interact and make transactions. Challenges such as uneven infrastructure and the need for clear regulations still need to be overcome to maximize this potential. The fintech sector is growing rapidly with many companies providing digital payment services, online loans and investments. OJK (Financial Services Authority) is also active in regulating this sector.
Analysis of the Exchange Rate of the Rupiah Against the US Dollar and the Factors that Influence it Kurniawan S., Amri Darma; Rizki, Rizki; Rusiadi, Rusiadi; Nasution, Lia Nazliana
Jurma : Jurnal Program Mahasiswa Kreatif Vol 8 No 2 (2024): DESEMBER
Publisher : LPPM UIKA Bogor

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Abstract

This research aims to determine the effect of the Fed Interest Rate, Foreign Exchange Reserves and Antam Gold Prices on the USD/IDR Exchange Rate. Research data using secondary data obtained from the Bank Indonesia website, Trading Economics and Gold Prices.org with a time span of 2013 to 2023. The research uses the Multiple Linear Regression method (Ordinary Least Square) using Eviews 12 software. The results of Data Analysis based on the Simultaneous Test (F-Test) showed that the Fed Interest Rate, Foreign Exchange Reserves and Antam Gold Prices simultaneously had a significant effect on the USD/IDR Exchange Rate. Based on the results of the Regression Model Interpretation, only the Foreign Exchange Reserve variable has an unidirectional relationship with the USD/IDR Exchange Rate so that it can appreciate the Rupiah Exchange Rate with the US Dollar if the Foreign Exchange Reserve Value maintained by Bank Indonesia is added or increased. Based on the regression results, the contribution of the influence of the Independent Variable on the Dependent Variable is 86.41%. The remaining 13.59% is influenced by other variables not included in this research.
Macroprudential Instruments to Minimize the Financing Risk of Islamic Commercial Banks in Indonesia Kurniawan S., Amri Darma; Sakuntala, Dwita; Zulfa, Andria; Nasution, Lia Nazliana
Jurma : Jurnal Program Mahasiswa Kreatif Vol 8 No 2 (2024): DESEMBER
Publisher : LPPM UIKA Bogor

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Abstract

Bank Indonesia has established macroprudential policy as one of its strategies within the policy mix, utilizing various instruments to support the intermediation function and manage credit or financing risks. This research aims to investigate the impact of the countercyclical capital buffer, financing to funding ratio, and capital adequacy ratio on the non-performing financing ratio at Islamic commercial banks in Indonesia. The study employs a quantitative approach focusing on 13 Islamic commercial banks registered with the Otoritas Jasa Keuangan (Financial Services Authority). Secondary data covering a 6-month period from 2014 to 2023 is utilized for analysis. The research applies the multiple linear regression model using the Ordinary Least Square method. The simultaneous test (F-test) result indicate that the countercyclical capital Buffer, financing to funding ratio, and capital adequacy ratio collectively exert a significant influence on non performing financing in Islamic commercial banks. According to the partial test results (t-test), only the capital adequacy ratio demonstrates a negative and significant impact on non-performing financing. This implies that an increase in the capital adequacy ratio tends to reduce the non-performing financing ratio. The regression model interpretation suggests that all independent variables have a consistent relationship with the dependent variable. Therefore, an increase in the value of the capital buffer value, financing to funding ratio and capital adequacy ratio concurrently reduce the percentage of non-performing financing at Islamic commercial banks. The coefficient of determination indicates that the independent variables collectively explain 92.11% of the variation in the dependent variable. The remaining 7.89% is attributed to other variables not included in this study.
EFEKTIVITAS GREEN FINANCE PADA PEMBIAYAAN BERKELANJUTAN DI DESA PEMATANG SERAI Sari, Wahyu Indah; Sugiarto, Abdi; Nasution, Lia Nazliana; Ningsih, Resti Triana
JURNAL ILMIAH EDUNOMIKA Vol 8, No 4 (2024): EDUNOMIKA
Publisher : ITB AAS Indonesia Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jie.v8i4.15470

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This study is to analyze the effectiveness of green financing in sustainable financing for home industry players in Pematang Serai Village. Green financing is a financing scheme or lending to business actors that is environmentally friendly. Based on Government regulations to be able to receive financing with a green financing scheme. To achieve industrial, social and economic advantages to reduce the threat of global warming and prevent other environmental and social problems, the goal is to shift the goal to a competitive low-carbon economy, so that it can strategically promote environmental investment in various areas of business/economy. The research data is sourced from the results of interviews with industrial homes in Pematang Serai Village, Tanjung Pura District, Langkat Regency, North Sumatra Province. as borrowers/customers of the Green Financing Program with the help of questionnaires so that the questions in the interview are more systematic. Sampling was carried out using proportionate random sampling technique. The data analysis used was: Descriptive Statistical Analysis and Multiple Linear Regression. The results of the study explained that green credit partially did not have a significant effect on green finance in Pematang Serai Village, Tanjung Pura District, Langkat Regency, while green product innovation and green technology partially had a significant effect on green finance in Pematang Serai Village, Pematang Serai Village, Tanjung Pura District, Langkat Regency.
THE MONETARY INDICATORS AND THE CONSUMPTION IN INDONESIA Ramadhan, Ahmad; Rangkuty, Dewi Mahrani; Suhendi, Suhendi; Efendi, Bakhtiar; Nasution, Lia Nazliana
PROCEEDING INTERNATIONAL BUSINESS AND ECONOMICS CONFERENCE (IBEC) Vol. 3 No. 1 (2024): “Sustainability Challenges Through Technology in Emerging Market Economies”
Publisher : Sekolah Tinggi Ilmu Ekonomi Eka Prasetya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47663/ibec.v3i1.293

Abstract

Analysis of interest rates, and money supply through Inflation to total consumption in Indonesia is the purpose of this study using the path analysis method. Based on the results showed that interest rates have a direct and significant effect on Inflation. Money supply directly has no significant effect on inflation. Interest rates directly have no significant effect on consumption. Money supply directly has a significant effect on consumption. Inflation directly has no significant effect on consumption. Interest rates, and money supply through inflation have no significant effect on consumption. Bank Indonesia needs to continue to maintain interest rates and money supply which will affect inflation in the market and then affect people's consumption patterns.
EDUKASI KEPADA MASYARAKAT KELOMPOK NELAYAN DESA PAHLAWAN TENTANG MANFAAT PENERAPAN BANTUAN ALAT TANGKAP Rangkuty, Dewi Mahrani; Nasution, Lia Nazliana
Reswara: Jurnal Pengabdian Kepada Masyarakat Vol 1, No 2 (2020)
Publisher : Universitas Dharmawangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46576/rjpkm.v1i2.567

Abstract

Desa Pahlawan merupakan salah satu desa yang terletak di Kecamatan Tanjung Tiram Kabupaten Batu Bara Provinsi Sumatera Utara. Pengabdian Kepada Masyarakat (PKM) ini dilakukan untuk meningkatkan pemahaman masyarakat kelompok nelayan di Desa Pahlawan tentang manfaat serta perbedaan sebelum dan sesudah penerapan bantuan alat tangkap oleh Pemerintah melalui Kementerian Kelautan dan Perikanan (KKP). Pengabdian dilakukan dengan metode ceramah/ sosialisasi/ penyuluhan kepada mayarakat kelompok nelayan sehingga mendapatkan wawasan/informasi terkait manfaat penerapan bantuan alat tangkap dan bagaimana perbedaan secara signifikan terhadap produktivitas dan pendapatan nelayan sebelum dan sesudah adanya bantuan alat tangkap. Monitoring dan evaluasi juga dilakukan pada tahap akhir dari pengabdian ini untuk mengetahui keberhasilan kegiatan penyuluhan yang dilakukan. Hasil evaluasi menunjukkan peningkatan produktivitas nelayan melalui jumlah produksi/hasil tangkap, jam kerja, dan harga jual di Tempat Pelelangan Ikan (TPI). Di samping itu, wanita nelayan dapat mengolah hasil tangkap melalut yang kemudian dijual di pasar setempat yang berada di lingkungan pemukiman, yang dinamakan sebagai usaha rumah tangga wanita nelayan. Indikator produktivitas menunjukkan bahwa nelayan memperoleh pendapatan secara berkala yang dapat mendukung pemenuhan kebutuhan ekonomi rumah tangga nelayan. Hal ini yang akan meningkatkan kesejahteraan hidup rumah tangga nelayan dalam negeri. Adapun yang dapat direkomendasikan kepada pemerintah, yakni KKP melalui Dinas Kelautan dan Perikanan Kabupaten Batu Bara agar melakukan pendampingan sosialisasi edukasi tentang manfaat bantuan alat tangkap secara berkala demi mendukung produktivitas nelayan yang berkelanjutan. Sebab nelayan Desa Pahlawan juga dapat berkontribusi pada peningkatan pertumbuhan ekonomi Kabupaten Batu Bara