Analysis of The Effect of Amount of Money Supply (JUB), Exchange Rate, Profit Sharing And Interest Rate on The Inflation 2011-2017: Islamic and Conventional M1 Comparative Study

Inflation is one of the effects of a prolonged economic crisis that hit any country. Inflation is a situation where there is an increase in general prices which continues over the long term. The objective of this research is to analyze the effect of the Amount of Money Supply and Exchange Rate, Inte...

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Autores principales: Imam Haryadi, Wahid Ilhami
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Publicado: Universitas Darussalam Gontor 2019
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Acceso en línea:http://dx.doi.org/10.21111/iej.v5i1.3668
https://doaj.org/article/80489239f86c4c198a4bb6bd542e2326
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spelling oai:doaj.org-article:80489239f86c4c198a4bb6bd542e23262021-11-09T02:57:35ZAnalysis of The Effect of Amount of Money Supply (JUB), Exchange Rate, Profit Sharing And Interest Rate on The Inflation 2011-2017: Islamic and Conventional M1 Comparative Studyhttp://dx.doi.org/10.21111/iej.v5i1.36682460-18962541-5573https://doaj.org/article/80489239f86c4c198a4bb6bd542e23262019-06-01T00:00:00Zhttps://ejournal.unida.gontor.ac.id/index.php/JEI/article/view/3668https://doaj.org/toc/2460-1896https://doaj.org/toc/2541-5573Inflation is one of the effects of a prolonged economic crisis that hit any country. Inflation is a situation where there is an increase in general prices which continues over the long term. The objective of this research is to analyze the effect of the Amount of Money Supply and Exchange Rate, Interest Rate, Return Sharia against Inflation Rate in Indonesia. The type of this research is a quantitative study, research to explain the influence of independent variables to dependent variables. Dependent Variable used is Inflation Rate (percentages), Independent Variables are Money Supply, Exchange Rate (Indonesian Rupiah to US Dollar), Interest Rate, Return Sharia. The models will be calculated with VECM (Vector Error Correction Model) as it easy to calculate and interpret. In this case a correlation between dependent variables and independent variables. To determine the inflation rate effect from 2011-2017. The result of this research determines that in long term Independent variables has significant influence to Dependent variable (Inflation). Even in Islam and Conventional side. One of variable such as M1 in Islam has result 5.34041, its indicating that the result has significant value again inflation in the long term. While in Conventional side M1 value is 4.70475, that’s mean the result has significant too against inflation, cause the value both of them bigger than T Table. Another variable such as the exchange rate for the long term has negative influence to the inflation around -18.28331 which means exchange rate has significant influence to the inflation. Both of the last variables are interest and return sharia’ has significant too again inflation, the value around 0.443061 for interest rate, and 2.389915 for return sharia. It means both of these variables has significant values again inflation, cause of T Statistic bigger than T Table.Imam HaryadiWahid IlhamiUniversitas Darussalam Gontorarticleinflationamount of money supplyexchange rateinterest ratereturn shariaIslam. Bahai Faith. Theosophy, etc.BP1-610Economic theory. DemographyHB1-3840ARENIDIslamic Economics Journal, Vol 5, Iss 1, Pp 71-96 (2019)
institution DOAJ
collection DOAJ
language AR
EN
ID
topic inflation
amount of money supply
exchange rate
interest rate
return sharia
Islam. Bahai Faith. Theosophy, etc.
BP1-610
Economic theory. Demography
HB1-3840
spellingShingle inflation
amount of money supply
exchange rate
interest rate
return sharia
Islam. Bahai Faith. Theosophy, etc.
BP1-610
Economic theory. Demography
HB1-3840
Imam Haryadi
Wahid Ilhami
Analysis of The Effect of Amount of Money Supply (JUB), Exchange Rate, Profit Sharing And Interest Rate on The Inflation 2011-2017: Islamic and Conventional M1 Comparative Study
description Inflation is one of the effects of a prolonged economic crisis that hit any country. Inflation is a situation where there is an increase in general prices which continues over the long term. The objective of this research is to analyze the effect of the Amount of Money Supply and Exchange Rate, Interest Rate, Return Sharia against Inflation Rate in Indonesia. The type of this research is a quantitative study, research to explain the influence of independent variables to dependent variables. Dependent Variable used is Inflation Rate (percentages), Independent Variables are Money Supply, Exchange Rate (Indonesian Rupiah to US Dollar), Interest Rate, Return Sharia. The models will be calculated with VECM (Vector Error Correction Model) as it easy to calculate and interpret. In this case a correlation between dependent variables and independent variables. To determine the inflation rate effect from 2011-2017. The result of this research determines that in long term Independent variables has significant influence to Dependent variable (Inflation). Even in Islam and Conventional side. One of variable such as M1 in Islam has result 5.34041, its indicating that the result has significant value again inflation in the long term. While in Conventional side M1 value is 4.70475, that’s mean the result has significant too against inflation, cause the value both of them bigger than T Table. Another variable such as the exchange rate for the long term has negative influence to the inflation around -18.28331 which means exchange rate has significant influence to the inflation. Both of the last variables are interest and return sharia’ has significant too again inflation, the value around 0.443061 for interest rate, and 2.389915 for return sharia. It means both of these variables has significant values again inflation, cause of T Statistic bigger than T Table.
format article
author Imam Haryadi
Wahid Ilhami
author_facet Imam Haryadi
Wahid Ilhami
author_sort Imam Haryadi
title Analysis of The Effect of Amount of Money Supply (JUB), Exchange Rate, Profit Sharing And Interest Rate on The Inflation 2011-2017: Islamic and Conventional M1 Comparative Study
title_short Analysis of The Effect of Amount of Money Supply (JUB), Exchange Rate, Profit Sharing And Interest Rate on The Inflation 2011-2017: Islamic and Conventional M1 Comparative Study
title_full Analysis of The Effect of Amount of Money Supply (JUB), Exchange Rate, Profit Sharing And Interest Rate on The Inflation 2011-2017: Islamic and Conventional M1 Comparative Study
title_fullStr Analysis of The Effect of Amount of Money Supply (JUB), Exchange Rate, Profit Sharing And Interest Rate on The Inflation 2011-2017: Islamic and Conventional M1 Comparative Study
title_full_unstemmed Analysis of The Effect of Amount of Money Supply (JUB), Exchange Rate, Profit Sharing And Interest Rate on The Inflation 2011-2017: Islamic and Conventional M1 Comparative Study
title_sort analysis of the effect of amount of money supply (jub), exchange rate, profit sharing and interest rate on the inflation 2011-2017: islamic and conventional m1 comparative study
publisher Universitas Darussalam Gontor
publishDate 2019
url http://dx.doi.org/10.21111/iej.v5i1.3668
https://doaj.org/article/80489239f86c4c198a4bb6bd542e2326
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AT wahidilhami analysisoftheeffectofamountofmoneysupplyjubexchangerateprofitsharingandinterestrateontheinflation20112017islamicandconventionalm1comparativestudy
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