Impact of Monetary Instrument Shock Against Inflation in North Sumatra: Two-Stage Least Square Method

Hutajulu, Nelly and Fitrawaty, Fitrawaty and Rahmadana, Muhammad Fitri (2019) Impact of Monetary Instrument Shock Against Inflation in North Sumatra: Two-Stage Least Square Method. In: ICEMAB 2018, 8-9 October 2018, Medan, North Sumatra, Indonesia.

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Abstract

The study explores the relationship among inflation and economic growth in North Sumatra. Two-Stage Least Square (2SLS) technique is used to analyze the impact of monetary instrument shock against inflation the period of 1994-2017. The result of research concludes that economic growth effect significantly to inflation in North Sumatra and positive direction. The amount of money in circulation, the money supply previous period a significant and negative effect against inflation in North Sumatra. interest rate of Bank Indonesia, unemployment is a significant and positive effect against inflation in North Sumatra. Inflation has no effect on against the economic growth of North Sumatra. The amount of money in circulation, a significant and positive effect toward economic growth in North Sumatra. While the money supply previous period does not affect economic growth in North Sumatra

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: inflation gross domestic product (gdp) money supply interest rate of bank indonesia exchange rate unemployment two-stage least square (2sls)
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Depositing User: EAI Editor IV
Date Deposited: 10 Sep 2021 06:54
Last Modified: 10 Sep 2021 06:54
URI: https://eprints.eudl.eu/id/eprint/6602

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