EVALUATION OF THE EFFECTIVENESS OF MONETARY POLICY ON MACROECONOMIC STABILITY INREALIZING A SUSTAINABLE DIGITAL ECONOMY IN INDONESIA

EVALUATION OF THE EFFECTIVENESS OF MONETARY POLICY ON MACROECONOMIC STABILITY INREALIZING A SUSTAINABLE DIGITAL ECONOMY IN INDONESIA, Macroeconomics, GDP, Inflation, JUB, Interest Rates...

Author: HAULA RIZKY
Date: 2024
Keywords: Macroeconomics, GDP, Inflation, JUB, Interest Rates
Type: Jurnal
Category: penelitian

This research aims to find out, explain and test the evaluation of monetary policy on macroeconomic stability in realizing a sustainable digital economy in Indonesia. This research uses quantitative methods with a descriptive and verification approach by collecting presentations through a process of analysis and hypothesis testing. The data used is secondary data, namely from world bank, satudata.kemendag, aspi Indonesia 2010-2023. The data analysis method in this research uses Seemingly Unresolved Regression (SUR). The SUR model is used if there is a contemporaneous correlation between the regression equations. The research results show that the estimation results of the equation 1 test show that interest rates, money supply, and electronic money supply are able to explain 30.3% and the remaining 69.7% of gross domestic product is influenced by other variables outside the estimates in the model. Meanwhile, the estimation results of the equation 2 test show that inflation and economic growth are able to explain 20.8% of the electronic money supply and the remaining 79.2% of the electronic money supply is influenced by other variables outside the estimates in the model.

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