Profit : Jurnal Kajian Ekonomi dan Perbankan Syariah
Vol 8, No 1 (2024): Economic and Banking

Analysis of the Effect of Fiscal and Monetary Policy on Economic Growth in Indonesia Pre and Post Covid-19

Wartoyo, Wartoyo (Unknown)
Haida, Nur (Unknown)
Komalasari, Asni (Unknown)
Zaizafun, Alya Fauzi (Unknown)



Article Info

Publish Date
10 Jun 2024

Abstract

 AbstractThis study aims to determine the influence of fiscal policy and monetary policy on economic growth in Indonesia in 2007-2022. The independent variables used in this study are categorized into two camps, namely the fiscal policy camp consisting of tax revenue (X1) and government expenditure (X2). Meanwhile, monetary policy consists of interest rates (X3) and money supply (X4). This research uses data series obtained from the Central Statistics Agency (BPS) and Bank Indonesia (BI). In this study using quantitative methods and using multiple linear regression analysis. The results showed that the variable of tax revenue (X1) has a positive and significant effect on economic growth, government spending (X2) has a negative and significant effect on economic growth in Indonesia and interest rates (X3) have a negative and insignificant effect on economic growth in Indonesia, while the money supply (M2) has a positive and significant effect on economic growth.Keywords: Fiscal Policy, Monetary Policy and Economic Growth.

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Journal Info

Abbrev

profit

Publisher

Subject

Economics, Econometrics & Finance

Description

The journal publishes articles of interest to Islamic economics and banking practitioners, economic policy makers, and researchers. This journal encompasses research articles, original research report, reviews in Islamic economics and banking studies in any fields including; economics, finance, ...