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Monetary Policy Transmission and Inflation Dynamics in Indonesia: Evidence from BI7DRR, Money Supply, Exchange Rate, and Structural Breaks Vera Lutfiyah; Marseto Marseto
Journal of Business, Social and Technology Vol. 7 No. 2 (2026): Journal of Business, Social and Technology
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59261/jbt.v7i2.632

Abstract

Background: Several monetary policy instruments can influence inflation; however, in the case of Indonesia, the transmission of these policies is highly dependent on external shocks, such as wars and oil price fluctuations. Objective: The purpose of this study is to investigate the monetary policy transmission mechanism affecting inflation in Indonesia using the BI 7-Day Reverse Repo Rate (BI7DRR), money supply (M2), exchange rate, and structural breaks over the period 2019–2024. Methods: This study employs monthly time-series data from January 2019 to December 2024, along with Ordinary Least Squares (OLS) regression, the Augmented Dickey–Fuller (ADF) unit root test, classical assumption tests, and the Bai–Perron multiple structural break test. Results: The results indicate that BI7DRR, M2, and the exchange rate jointly affect inflation in Indonesia. The ADF test confirms that all variables are stationary at the first difference level, while the Bai–Perron test detects multiple structural breaks around 2020 and 2022, which were largely associated with the emergence of COVID-19 and global monetary tightening, respectively. Conclusion: The conclusion drawn from this study essentially reflects a time-structural model of how monetary policy transmission affects inflation dynamics in Indonesia. Maintaining price stability requires adaptive monetary policy, exchange rate stabilization, and fiscal–monetary coordination.
Analysis of Factors Affecting Indonesian Tuna Exports to The United States in 2010-2021 Marshela Putri Efendi; Marseto Marseto
INVEST : Jurnal Inovasi Bisnis dan Akuntansi Vol. 3 No. 2 (2022): INVEST : Jurnal Inovasi Bisnis dan Akuntansi
Publisher : Lembaga Riset dan Inovasi Al-Matani

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55583/invest.v4i2.806

Abstract

Tuna is an essential commodity in the fishing and marine industries due to its high economic value and ability to generate foreign exchange for the country. This study aims to see the correlation between the amount of tuna produced in Indonesia, the exchange rate, and the export price of tuna with the volume of Indonesian tuna exports to the United States. This study uses time series data from 2010 to 2021 and uses multiple linear regression (Ordinary Least Square) method for data analysis. The findings of this study reveal that Indonesia's tuna production quantity, exchange rate, and tuna export price jointly affect the amount of Indonesia's tuna exports to the United States. However, the volume of Indonesian tuna production does not have a significant or detrimental impact on the volume of Indonesian tuna exports to the United States. In contrast, the exchange rate and tuna export prices have a negative and significant impact on the volume of Indonesian tuna exports to the United States.
THE EFFECT OF GROSS REGIONAL DOMESTIC PRODUCT, MINIMUM WAGE, AND LABOR FORCE NUMBER ON LABOR ABSORPTION Clarista Putri Refana; Marseto Marseto
Value Added : Majalah Ekonomi dan Bisnis Vol 22, No 2 (2026): VALUE ADDED : MAJALAH EKONOMI DAN BISNIS (Periode Oktober)
Publisher : Universitas Muhammadiyah Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26714/vameb.v22i2.21249

Abstract

This study aims to analyze the influence of Gross Regional Domestic Product (GRDP), District Minimum Wage (UMK), and the number of workforce on labor absorption in Jombang Regency in 2009–2024. The research method used is a quantitative descriptive approach with multiple linear regression analysis techniques using SPSS 27 software. Research data was obtained through documentation methods from the Central Statistics Agency (BPS) and other relevant sources. The results of the study indicate that GRDP and minimum wages do not have a significant effect on labor absorption in Jombang Regency. This condition indicates that increased economic growth and minimum wage increases have not been able to encourage an increase in labor absorption optimally. Regional economic growth tends to be dominated by capital-intensive sectors so that increases in output are not followed by an increase in labor demand. In addition, changes in the minimum wage have not been a major factor in companies' decisions to absorb labor. Meanwhile, the number of the workforce has a positive and significant effect on labor absorption. This indicates that an increase in the number of the workforce is able to encourage economic activity and open wider employment opportunities. Overall, labor absorption in Jombang Regency is more influenced by labor force dynamics than by economic growth and minimum wage policies.
EMOTIONAL INTELLIGENCE AND LEARNING BEHAVIOR ON UNDERSTANDING OF PUBLIC ACCOUNTING SECTOR ACCOUNTING STUDENTS Tituk Diah Widajantie; Marseto Marseto; Sofie Yunida Putri
International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 7 No 1 (2023): IJEBAR, VOL. 07 ISSUE 01, MARCH 2023
Publisher : LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/ijebar.v7i1.8525

Abstract

This research was conducted to examine whether there is an influence between emotional intelligence and learning behavior on public sector accounting understanding. The population used was public sector concentration accounting students in Universitas Pembangunan Nasional “Veteran” Jawa Timur. The data collection technique used was primary data by distributing questionnaires to respondents. This study’s data processing method used the Partial Least Square. In this case, the result was that Emotional Intelligence and Learning Behaviour significantly influence Public Sector Accounting Understanding. Emotional intelligence, measured by self-knowledge, self-control, motivation, empathy, and social skills, significantly affects understanding public sector accounting. Learning behavior, as measured by the habit of attending lessons, the habit of reading books, visits the library, and the habit of taking exams, has a significant effect on the understanding of public sector accounting.
Determinants Of Interprovincial Income Disparity In Java: An Analysis Of Fiscal, Macroeconomic, And Demographic Variables Irfandi Liestiawan; Marseto Marseto
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 14 No 4 (2026): October
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v14i4.11042

Abstract

This study aims to empirically analyze the fiscal, macroeconomic, and demographic determinants of interprovincial income disparities in Java from 2015 to 2024, specifically focusing on the General Allocation Fund, economic growth, the Provincial Minimum Wage, and total population. Utilizing a quantitative approach, the research applies panel data regression with a Random Effect Model framework to analyze 60 observations across six provinces. The findings reveal that the General Allocation Fund exerts a statistically significant negative influence, effectively reducing interprovincial income inequality. In contrast, economic growth demonstrates a significant positive correlation, indicating that current economic expansion actually widens regional income gaps. Furthermore, both the Provincial Minimum Wage and total population do not show a statistically significant impact on aggregate disparity. The research concludes that decentralized fiscal support provides a crucial buffer against inequality, while the inherently exclusionary nature of Java's modern economic expansion remains a structural catalyst for disparity. Consequently, policymakers must focus heavily on structural economic reforms and inclusive growth strategies that integrate marginalized workforces, moving beyond reliance on basic demographic indicators and formal wage regulations