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Dynamics of Adaptation of Interest Rates, Credit, and Economic Activity to the Conditions of Slowing Money Supply Growth in Indonesia Sanusi Gazali Pane; Suci Ramadhani; Adestia Pibiolah Butar Butar; Shifa Indah Lestari
International Journal of Management, Economic and Accounting Vol. 3 No. 6 (2025): December 2025
Publisher : Yayasan Multidimensi Kreatif

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Abstract

In Indonesia, the slowdown in money supply growth (M2) raises concerns about the effectiveness of monetary policy transmission to the real sector. This study aims to analyze the adaptation of key macroeconomic variables, including policy interest rates, credit growth, economic activity, and exchange rates to the slowdown in money supply growth. The method used is a descriptive qualitative approach through literature studies by utilizing secondary data from official publications of Bank Indonesia, the Central Statistics Agency, and related scientific literature. The results show that interest rates respond most quickly as an initial adjustment mechanism, while credit growth and real economic activity adapt gradually. Household consumption plays a role as a support for growth in the short term, while investment is more sensitive to tightening liquidity. Exchange rates adapt through financial market mechanisms and the expectations of economic actors. This study concludes that the slowdown in the money supply does not always have a negative impact on economic stability when balanced with measured and consistent monetary policy.
Modeling Fair Wage Implementation within a Mixed Economy Framework: Insights from Islamic Economic Principles Sanusi Gazali Pane; Sugianto
IQTISHODUNA: Jurnal Ekonomi Islam Vol. 14 No. 2 (2025): October
Publisher : Department of Sharia Economics Faculty of Islamic Economics and Business, Universitas Islam Syarifuddin Lumajang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54471/iqtishoduna.v14i2.3242

Abstract

Fair wage determination involves subjective perceptions influenced by individual values and contextual understanding. This study explores fair wage concepts within Islamic banking through a cross-sectional survey examining respondents across various positions and industrial relations statuses. The research incorporates transparency and information openness as key variables, analyzing fair wages beyond nominal amounts to encompass processes shaping individual perceptions. An Islamic economic perspective guides the analysis of determinant factors. The study employed a survey of Islamic banking professionals to assess perceptions of wage fairness and their relationships with job satisfaction and family welfare. Findings reveal that 92.36% of respondents perceive their wages as fair, with the highest level of satisfaction (96.1%) attributed to wage comparability across similar roles. The lowest satisfaction (76.6%) was observed for religious culture aspects. This research contributes to Islamic economic theory by demonstrating the contemporary relevance of Islamic teachings on economic justice in modern industrial contexts, highlighting social benefits as crucial determinants in fair wage concepts for policy development.