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The Impact of the United States-China Trade War on Indonesia's Sharia Economic Politics Siti Muflihah; Wildia Nusayfi; Junaidi; Mashudi
INTERDISIPLIN: Journal of Qualitative and Quantitative Research Vol. 2 No. 2 (2025)
Publisher : Penerbit Hellow Pustaka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61166/interdisiplin.v2i2.77

Abstract

Indonesia's economy is highly dependent on cooperation with other countries, especially in the field of imports and exports, and has a certain influence on its economic growth. The aim of this qualitative research is to explain how the US-China trade war has an impact on Indonesia's political economy. Qualitative research collects descriptive data from people's written and spoken behavior and words. This research collects data by reading documents or literature about trade wars and information from the internet. The US-China trade war is actually a big market opportunity to bridge the market gap between the two countries, so the impact of this trade war on Indonesia itself is not too big. This is because the products targeted in the trade war are not products that Indonesia exports to these two countries.
Digitalization of Payments through E-Money and Monetary Dynamics as Determinants of Inflation in Indonesia: ECM Analysis for the Period 2015–2024 Jenny Alfianti; Nur Ina Avia; Wildia Nusayfi; Ikmalul Rizal
Demagogi: Journal of Social Sciences, Economics and Education Vol. 4 No. 2 (2026)
Publisher : Penerbit Hellow Pustaka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61166/demagogi.v4i2.142

Abstract

From 2019 to 2024, the use of electronic money increased rapidly in Indonesia in line with the acceleration of digitalization during the pandemic and the economic recovery period. These changes affected the money supply, potentially driving inflation. Furthermore, exchange rate fluctuations and interest rate adjustments during this period became a primary concern for the government in maintaining economic stability. This study analyzes the influence of e-money, the exchange rate, and interest rates on inflation in Indonesia using the Error Correction Model (ECM) approach. The results show that all independent variables significantly influence inflation. A high R value indicates a good fit for the model. The ECT coefficient is significant and negative, indicating that adjustment to long-run equilibrium occurs within approximately one year. This finding confirms that monetary policy must consider the effects of time lag and the dynamics of digital transactions in an effort to maintain macroeconomic stability.