This study uses a government policy index that is calculated daily based on Covid-19 pandemic data collected by OxCGRT since 2020. The goal is to determine the economic impact of government policies through the stock market using the time series regression analysis method. The availability of JCI data that only exists at the national level is a limitation in research. It is known that one of the reasons for providing assistance to the community during the pandemic is to maintain economic stability, but the results of the study actually found an insignificant impact. Only the social tightening policy has significantly responded positively to the stock market.
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