The Effectiveness of Monetary Policy Transmission on Economic Growth in North Sumatra

Fahri Yadi ; Rangkuty ; Dewi Mahrani ; Nasution ; Lia Nazliana
International Journal of Economics, Commerce, and... 📅 2024 Vol 1, No 4 🔗 DOI: 10.62951/ijecm.v1i4.220
Abstract
This study aims to determine the effect of monetary policy on economic growth. This study uses the Vector Autoregression method by completing the assumption test and estimation on the research variables of inflation, investment, credit, interest rates and gross regional domestic product. Time series research data from 2003-2022 sourced from the Central Bureau of Statistics of North Sumatra (BPS) SUMUT with the results obtained are inflation and interest rates give the results that inflation is influenced by investment and credit, until investment affects gross regional domestic product. Then credit also affects inflation and interest rates and gross regional domestic product is influenced by investment and credit. Thus, in determining policies that encourage economic growth the government must consider a more coordinated monetary policy strategy to deal with the dynamics of strengthening interest rates, controlling inflation, can be measures that support economic stability.
Keywords
Monetary Policy; GrossRegional Domestic Product; Inflation
How to Cite

Fahri Yadi, et al. (2024). The Effectiveness of Monetary Policy Transmission on Economic Growth in North Sumatra . International Journal of Economics, Commerce, and Management, 1(4). https://doi.org/10.62951/ijecm.v1i4.220

Fahri Yadi; Rangkuty, Dewi Mahrani; Nasution, Lia Nazliana, "The Effectiveness of Monetary Policy Transmission on Economic Growth in North Sumatra ," International Journal of Economics, Commerce, and Management, vol. 1, no. 4, 2024.

Fahri Yadi; Rangkuty, Dewi Mahrani; Nasution, Lia Nazliana. "The Effectiveness of Monetary Policy Transmission on Economic Growth in North Sumatra ." International Journal of Economics, Commerce, and Management, vol. 1, no. 4, 2024.

Fahri Yadi; Rangkuty, Dewi Mahrani; Nasution, Lia Nazliana. "The Effectiveness of Monetary Policy Transmission on Economic Growth in North Sumatra ." International Journal of Economics, Commerce, and Management 1, no. 4 (2024).

Fahri Yadi, et al. (2024) 'The Effectiveness of Monetary Policy Transmission on Economic Growth in North Sumatra ', International Journal of Economics, Commerce, and Management, 1(4). doi: 10.62951/ijecm.v1i4.220.

Fahri Yadi; Rangkuty, Dewi Mahrani; Nasution, Lia Nazliana. The Effectiveness of Monetary Policy Transmission on Economic Growth in North Sumatra . International Journal of Economics, Commerce, and Management. 2024;1(4).

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