Jurnal Ilmu Ekonomi
Vol. 1 No. 1 (2017): Jurnal Ilmu Ekonomi

ANALISIS PENGARUH SUKU BUNGA SERTIFIKAT BANK INDONESIA DAN JUMLAH UANG BEREDAR TERHADAP TINGKAT INFLASI DI INDONESIA PERIODE 2006.1-2015.12 (PENDEKATAN ERROR CORRECTION MODEL)

D.A. Dwi Rahmawati (Universitas Muhammadiyah Malang)
Wahyu Hidayat Riyanto (Universitas Muhammadiyah Malang)



Article Info

Publish Date
31 Mar 2017

Abstract

Prominent characteristics of the direction economic policy in Asia is the emphasis on the inflation rate. Inflation is defined as a condition increases the price of prevailing goods in an economy continuously. The purpose of this research is to find out and analyze the influence of Bank Indonesia Certificate interest rate and money supply toward the inflation rate in Indonesia. This research method using time series of monthly data during the period of the 2006.1-2015.12 model approach using error correction (ECM) in the long term or short term. The results of the estimation of cointegration equation indicate that on the long run variable Bank Indonesia Certificate interest rate and money supply is significantly effected by  to the inflation rate in Indonesia. While ECM model is considered valid because the error correction term (ECT) has significant value. In the short term only Bank Indonesia Certificate interest rates that influence significantly to the inflation rate in Indonesia. Keywords: inflation, interest rates, money supply, error correction model

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Journal Info

Abbrev

jie

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Jurnal Ilmu Ekonomi, aims to bridge the gap between research and practice, providing information, ideas and opinion, in addition to critical examinations of advances in economic research. Through the coverage of policy and economic developments, the latest results of research into the assessment of ...