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All Journal Cakrawala Pendidikan AL-ISHLAH: Jurnal Pendidikan Jurnal REKOMEN (Riset Ekonomi Manajemen) Indonesian Journal of Education and Learning EKO-REGIONAL JURNAL PENGEMBANGAN EKONOMI WILAYAH Jurnal Mandiri Jurnal REP (Riset Ekonomi Pembangunan) ACCOUNTHIK : Journal of Accounting and Finance DINAMIC : Directory Journal of Economic Journal of Empowerment Community Jurnal Jendela Inovasi Daerah JUSIE (Jurnal Sosial dan Ilmu Ekonomi) Jurnal Abdimas Ekonomi dan Bisnis JOURNAL OF HUMANITIES, SOCIAL SCIENCES AND BUSINESS (JHSSB) Indonesian Financial Review Journal of Management, Accounting, General Finance and International Economic Issues (MARGINAL) Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) JISMA: Jurnal Ilmu Sosial, Manajemen, dan Akuntansi Jurnal Ekonomi, Bisnis, dan Akuntansi Jurnal Kastara
Jalunggono, Gentur
Universitas Tidar
Agriculture, Biological Sciences & Forestry Biochemistry, Genetics & Molecular Biology Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Public Health Social Sciences Other

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Journal : JOURNAL OF HUMANITIES, SOCIAL SCIENCES AND BUSINESS (JHSSB)

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ANALYSIS OF THE INFLUENCE OF MACROECONOMIC VARIABLES ON INFLATION: THE VECM APPROACH Sekar Ayu Damayanti; Gentur Jalunggono
Journal of Humanities, Social Sciences and Business Vol. 2 No. 1 (2022): NOVEMBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/jhssb.v2i1.402

Abstract

Inflation is defined as a condition where prices increase. Inflation is a monetary phenomenon in a country where its fluctuations will cause economic turmoil. In the economy, inflation is a combination of aspects of the balance of the goods market, money market, and labor market. This study analyzes the relationship between macroeconomic variables, namely economic growth, interest rates, and the money supply which are expected to affect the movement of the inflation rate in Indonesia in 1989-2019. This study uses the Vector Error Correction Model (VECM) method after showing the existence of cointegration in testing with the VAR model. Forecasting results show that inflation responds positively to interest rates and the money supply and gives a negative response to economic growth. This means that inflation in Indonesia is sensitive to shocks in macroeconomic variables.
Co-Authors Abdul Qadir Jailani Achmad Busrotun Nufus Adistiariani Ramadayanti Ahmad Muhlisin Andri Nofreeana Anis Rakhmawati Ardiyana Yunika Infarizki Arnanda Yusliwidaka Arum Akbar Sagita Atmaja, Hanung Eka Ayuningtyas Ayuningtyas Bagaskara Prawira Bekti Kumoro Ningsih Destiningsih, Rian Djoko Widodo Elvira Ika Rosiana Emi Wijiastuti Emma Dwi Ratnasari Eny Boedi Orbawati Eric Armando Eric Armando Fachrunisa Setyawati Faris Multi Naufal, Fazen Hesi Araja Fitria Puji Rahayu Gabriella Millenia Stievany Hadi Sasana Hadi Sasana Hanung Eka Atmaja Lilia Ellany Mohtar Lorentino Togar Laut Lubherty Dewi Amalia Lucia Rita Indrawati Lucia Rita Indrawati Luthfiana Riski Dewanti Madya Tantri Hapsari Maya Sulistiana Milhatu Rojaba Muhamad Sarifudin Muhammad Farid Alfarisy Muhammad Ihsan Alwi Nur Atika Paul Angga Pamungkas Qori Tartila, Shobrina Silmi Rahmawati Rahmawati Refa Oktafia Drie Utami Rr Retno Sugiharti Saktya Chandra Kusuma Sekar Ayu Damayanti Septiani, Yustirania Siti Khalimatus Sangadah Siti Sholihah Sri Hidayati Sri Sarwanti Sudati Nur Sarfiah Sudati Nur Sarfiah Sukron Mazid Tri Etik Mahanani Tri Yuliana Umi Rosidah Verawati, Dian Marlina Wahyu Angga Dwi Nugroho Whinarko Juliprijanto Whinarko Juliprijanto Whinarko Juliprijanto Yulia Afriyanti Yulia Tri Cahyani