Analysis of the Influence of Money Supply, Interest Rates, and Inflation on Indonesia's Economic Growth for the Period 2006-2023

Abdullah Harun Kemal; Ida Ayu Putri Suprapti; Irwan Suriadi

doi:10.59535/1y2nq270

Authors

Abdullah Harun Kemal Program Studi Ekonomi Pembangunan, Fakultas Ekonomi dan Bisnis Universitas Mataram Author
Ida Ayu Putri Suprapti Program Studi Ekonomi Pembangunan, Fakultas Ekonomi dan Bisnis Universitas Mataram Author
Irwan Suriadi Program Studi Ekonomi Pembangunan, Fakultas Ekonomi dan Bisnis Universitas Mataram Author

DOI:

https://doi.org/10.59535/1y2nq270

Keywords:

Economic Growth, Money Supply, Interest Rate, Inflation

Abstract

The purpose of this study is to examine the correlation between inflation, interest rates, money supply, and economic development in Indonesia from 2006 to 2023. Data collection techniques used include documentation and literature studies collected from various sources (such as files). Researchers also use the BPS and BI websites to collect data. Multiple linear regression analysis and explanatory quantitative analysis using Eviews 12 are used in this study. The study findings show that from 2006 to 2023, the amount of money in circulation, interest rates (birate), and inflation (ihk) all have an impact on the development of the Indonesian economy. However, the amount of money in circulation has a negative and insignificant effect, interest rates have a negative and insignificant impact, while inflation has a positive and significant impact.

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