Impact of Monetary Instrument Shock Against Inflation in North Sumatra: Two-Stage Least Square Method
| Main Authors: | Hutajulu, Nelly, Fitrawaty, , Rahmadana, Muhammad Fitri |
|---|---|
| Format: | Proceeding PeerReviewed Book |
| Bahasa: | ind |
| Terbitan: |
, 2018
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| Subjects: | |
| Online Access: |
http://digilib.unimed.ac.id/51950/1/Turnitin.pdf http://digilib.unimed.ac.id/51950/ https://eudl.eu/pdf/10.4108/eai.8-10-2018.2289252 |
Daftar Isi:
- 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.