Article Per Year (5 Year)
p-Index From 2020 - 2025
0.408
P-Index
This Author published in this journals
All Journal Journal of Economics Research and Social Sciences
Putri, Defani Ivena
Unknown Affiliation
Economics, Econometrics & Finance

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

 1 
Determinants of Inflation in Indonesia: Do Changes in World Oil Prices Matter? Putri, Defani Ivena; Arintoko, Arintoko; Kadarwati, Nunik; Firdauzi, Indrawan
Journal of Economics Research and Social Sciences Vol 8, No 2: August 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jerss.v8i2.22626

Abstract

This research was conducted to investigate the effect of world oil prices, interest rates, and money supply on inflation in Indonesia. This study uses the Autoregressive Distributed Lag (ARDL) analysis method. The data used were monthly data from January 2014-May to 2022. The results show that interest rates do not significantly affect inflation in the short or long run. Money supply has a negative relationship with inflation in the short and long run. In the short term, world oil prices have a negative effect on inflation. Meanwhile, world oil prices have a positive and significant relationship with inflation in the long run. This finding implies that it is necessary to emphasize policies other than interest rates when controlling inflation, such as more straightforward bureaucratic policies, ease of investment services, and a more effective import trading system. Bank Indonesia should also remain consistent and focus on prudence when implementing macroeconomic policies. The government must also consider the timeframe for determining the oil price policy because it has different short-term and long-term effects.
Determinants of Inflation in Indonesia: Do Changes in World Oil Prices Matter? Putri, Defani Ivena; Arintoko, Arintoko; Kadarwati, Nunik; Firdauzi, Indrawan
Journal of Economics Research and Social Sciences Vol. 8 No. 2: August 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jerss.v8i2.22626

Abstract

This research was conducted to investigate the effect of world oil prices, interest rates, and money supply on inflation in Indonesia. This study uses the Autoregressive Distributed Lag (ARDL) analysis method. The data used were monthly data from January 2014-May to 2022. The results show that interest rates do not significantly affect inflation in the short or long run. Money supply has a negative relationship with inflation in the short and long run. In the short term, world oil prices have a negative effect on inflation. Meanwhile, world oil prices have a positive and significant relationship with inflation in the long run. This finding implies that it is necessary to emphasize policies other than interest rates when controlling inflation, such as more straightforward bureaucratic policies, ease of investment services, and a more effective import trading system. Bank Indonesia should also remain consistent and focus on prudence when implementing macroeconomic policies. The government must also consider the timeframe for determining the oil price policy because it has different short-term and long-term effects.
Co-Authors Arintoko Arintoko, Arintoko Indrawan Firdauzi Kadarwati, Nunik