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Anya Regista Cahyani; Difa Ardini; Salsabilah Nurhidayah

Jurnal Ekonomi dan Keuangan 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Inflation is a significant economic challenge in Indonesia, affecting price stability and people's purchasing power. In a sharia economic perspective, inflation is not only seen as an economic phenomenon, but also involves moral and social aspects. This article discusses the role of sharia monetary instruments in controlling inflation in Indonesia, highlighting the principles of fairness and transparency. Instruments such as Bank Indonesia Sharia Certificates (SBIS), Bank Indonesia Sharia Savings Facilities (FASBIS), and Sharia Open Market Operations (OPT) have been implemented to regulate the amount of money in circulation and maintain economic stability. Although their contribution to controlling inflation is still limited, the potential of sharia instruments can be strengthened through increasing market understanding, education and collaboration between the government, Bank Indonesia and sharia financial institutions. With more optimal implementation, sharia monetary instruments can create a stable, fair and sustainable economic system for the Indonesian people.

Shinta Liana Fitri; Puti Andiny; Yani Rizal; Safuridar Safuridar

Jurnal Ekonomi dan Pembangunan Indonesia 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Economic growth in Aceh Province is an important issue that shows regional development through the increase in goods and services produced. Based on data from the Central Statistics Agency (BPS), Aceh's economic growth only reached an average of 3.88% in 2018, far below the national average of 5.01%, which reflects challenges in resource utilization. Inflation in Aceh has experienced significant fluctuations between 1.53% and 8.09% from 2019 to 2023, which has the potential to hinder economic growth. Government expenditure also plays a crucial role in driving growth, where during the 2019-2023 period, the average development budget reached Rp 12.96 trillion, but the budget realization was only around Rp 12.29 trillion. This shows that despite large expenditures, the impact on economic growth has not been significant. In the theory of economic growth, there are various views on the factors that affect growth. Classical theory emphasizes the role of capital, labor, and technology, while Schumpeter's theory highlights innovation as the main key to growth. Inflation can serve as a barrier or driver, depending on economic conditions, while government spending is expected to stimulate economic growth through an increase in aggregate demand. This study uses inferential statistics to analyze the influence of inflation and government spending on Aceh's economic growth during the 2015-2023 period. The results of the analysis show that government spending has a positive and significant influence on economic growth, while inflation does not show a significant influence.

Octaviana Dainy; Ismatul Hasanah; Siti Sopia; Rasidah Novita Sari

Jurnal Ekonomi dan Keuangan 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

The aim of this research is to examine how Indonesia's economic growth in the 2020–2023 era is influenced by the implementation of sharia monetary policy, especially the Bank Indonesia Sharia Certificate (SBIS) and sharia sukuk instruments. This research uses a literature review methodology and analyzes secondary data from sources such as books, scientific journals and articles. An important component of this research is statistical data, which includes information regarding inflation, economic developments and sharia monetary policy collected from official organizations such as the Financial Services Authority (OJK), Bank Indonesia and the Central Statistics Agency (BPS). Economic development and changes in SBIS rates are not significantly correlated, according to data analysis. However, the evolution of Islamic sukuk shows a very encouraging pattern. Investor interest in sharia sukuk is increasing, this shows the enormous potential of this instrument in spurring economic expansion. The findings of this research indicate that sharia sukuk have enormous potential as a source of development financing and can play an important role in driving progress in the Indonesian economy, although the contribution of SBIS is less significant.

Fajri, Khoirul

Jurnal Ekonomi, Bisnis dan Manajemen (EBISMEN) 2024 FEB Universitas Maritim Semarang

This study models the inflation rate in Sumatra using Generalized Linear Models (GLM) with Gamma and Negative Binomial distributions. The data includes inflation rates, Consumer Price Index (CPI), poverty rates, and employment sectors from the 2019 BPS report. The results show that the Gamma model performs better in predicting inflation compared to the Negative Binomial model, with a lower AIC value and smaller residual deviance. The CPI variable significantly influences inflation, while other variables are not significant.

Anggita Mujayanah; Desty Anggraini; Pinkan Dwi Ananda; Rasidah Novita Sari

Jurnal Nuansa : Publikasi Ilmu Manajemen dan Ekonomi Syariah 2024 Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Inflation has an impact on income inequality and purchasing power in Indonesia. In recent years, Indonesians have increasingly felt significant economic pressure due to the continuous increase in the prices of goods and services.  This research aims to explore the underlying causes of inflation, control efforts, and its impact on people's purchasing power to comprehensively understand Indonesia's inflation dynamics. The method used in this research is a library research approach. Inflation not only affects the value of the currency, but also changes people's spending patterns and purchasing priorities. To overcome this problem, the government implements policies that support the improvement of people's purchasing power and income distribution. This research provides important insights into the interaction between inflation and people's economic conditions, as well as steps that can be taken to create a more stable economic environment.

Abdul Aziz Mizanul Amal; Abdurrahman Faiz; Muhammad Adi Bintara; Rasidah Novita Sari

Jurnal Nuansa : Publikasi Ilmu Manajemen dan Ekonomi Syariah 2024 Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Sukuk as an Islamic financial instrument plays a strategic role in supporting monetary stability in Indonesia. This study explores the relationship between sukuk and monetary policy variables, such as inflation, exchange rate, and economic growth. Sukuk has proven to be a stable instrument that supports sustainable development by mitigating external debt risks. Through the analysis of the monetary policy transmission mechanism, this study identifies the role of sukuk in asset price and exchange rate channels. The results show that sukuk has a positive impact on monetary stability and long-term economic growth.

Fitri Rohimah; Nurul Farhah; Arini Jannati; Rasidah Novita Sari

Jurnal Nuansa : Publikasi Ilmu Manajemen dan Ekonomi Syariah 2024 Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

This article analyzes the role of Islamic banks in supporting monetary policy in Indonesia and its impact on national economic stability. Using library research methods, this research examines relevant literature regarding the development of the sharia banking sector and sharia-based monetary instruments. The research results show that Islamic banks make a significant contribution to stabilizing inflation, increasing financial access, and managing liquidity through instruments such as the Bank Indonesia Sharia Certificate (SBIS) and the sharia interbank money market. In addition, Islamic banks play a role in providing financing for micro, small and medium enterprises (MSMEs), which is important for inclusive economic growth. Nevertheless, challenges such as low sharia financial literacy and limited policy instruments need to be overcome to maximize the contribution of sharia banks to monetary policy. This research is expected to provide in-depth insight into the potential and challenges faced by Islamic banks in supporting the stability of the Indonesian economy.

Yessi Tamba; Dian Novita Sari; Rizki Imam Maulana; Asnidar Asnidar; Ahmad Ridha

JURNAL MANAJEMEN DAN BISNIS EKONOMI 2024 Institut Teknologi dan Bisnis (ITB) Semarang

This study aims to determine the effect of wages and inflation on economic growth and the open unemployment rate in Banten. This quantitative research uses secondary data sourced from the Central Statistics Agency (BPS) from 2011 - 2023. The data analysis used used the path analysis method. The results of this study indicate that the minimum wage directly has a negative and significant effect on economic growth in Banten Province. Inflation has a positive but insignificant effect on economic growth in Banten Province. Minimum wage has a negative and significant effect on the Open Unemployment Rate in Banten Province. Inflation has a negative and insignificant effect on the Open Unemployment Rate in Banten Province. Economic Growth has a positive but insignificant effect on the Open Unemployment Rate in Banten Province. Meanwhile, indirectly, Minimum Wage has a negative and significant effect on Open Unemployment Rate through Economic Growth in Banten Province. Inflation has a positive and insignificant effect on the Open Unemployment Rate through Economic Growth in Banten Province.

Ahmad Fadlan; Rahmad Sembiring; Ira Gretti Hutagalung

International Journal of Economic, Social and Development Sciences 2024 International Forum of Researchers and Lecturers

The money supply can affect other economic variables, such as output and prices, create stability in the economy and help achieve the ultimate goal of monetary policy, namely the stability of inflation and exchange rates.  The level of the exchange rate by the monetary authority must be kept stable because an unstable exchange rate, especially one that experiences a sharp depreciation, can have financial crisis implications. This research approach was associative/quantitative research. The data used in this study are secondary data taken and processed from Bank Indonesia (BI) and the Central Statistics Agency (CSA) from 2013-2023 (11 years). Based on the results of regression analysis shows that the variable money supply, exchange rates, and interest rates simultaneously affect the inflation variable. Based on the results of regression analysis shows that the variable money supply has a positive and significant effect on inflation. Based on the results of regression analysis, the exchange rate variable has a negative and significant effect on inflation. Based on the regression analysis, the interest rate variable has no statistical effect on inflation.

Mega Arinda Pramessella; Najwa Adhwa Ramadhani; Revalyza Misbah; Fadillah Nur Fakih; Achmad Aidil Viqri +1 more

Mandub: Jurnal Politik, Sosial, Hukum dan Humaniora 2024 STAI YPIQ BAUBAU, SULAWESI TENGGARA

This research analyzes the role of the General Election Commission in realizing substantive democracy in the 2024 elections, focusing on the case of data manipulation in the Vote Recapitulation Information System. The use of Sirekap, which aims to increase efficiency and transparency, has faced challenges in the form of data anomalies and vote inflation that weaken public confidence in election results. This research uses a qualitative approach with descriptive analysis through interviews and literature studies, to evaluate the effectiveness of the General Election Commission in dealing with these problems. The results of this study show that vote inflation is caused by technical errors, lack of offering training, and potential disruptions in systems security at Sirekap. The General Election Commission has conducted an evaluation through manual checks, increased training for those involved in the vote counting process, and improvements to the Sirekap system to prevent similar incidents in the future. This study recommends system improvements, strengthened security, and increased public participation to maintain the integrity of substantive democracy in Indonesia.

Santi Monika Sagala; Puti Andiny; Safuridar Safuridar; Yani Rizal

Transformasi: Journal of Economics and Business Management 2024 Universitas 17 Agustus 1945 Semarang

This research aims to analyze the influence of government spending, economic growth and inflation on poverty levels in North Sumatra Province during the 2014-2023 period. Using a quantitative approach with secondary data from the Central Statistics Agency (BPS), this research applies multiple linear regression analysis to identify the variables that have the most influence on poverty. The results of the analysis show that increased government spending, recovered economic growth, and good inflation management contributed significantly to reducing poverty levels, with government spending increasing from 7,808.56 billion rupiah in 2014 to 14,323.52 billion rupiah in 2023. Model The regression shows that these variables influence poverty by 70.19%, while 29.81% is influenced by other factors. This research emphasizes the importance of monitoring and adjusting economic policies to achieve the goal of poverty alleviation more effectively.

Aisyah Aisyah; Ajeng Aprianingsih; Desma Tri Anggriani; Sofianto Sofianto; Sutrajat Sutrajat

Doktrin: Jurnal Dunia Ilmu Hukum dan Politik 2024 International Forum of Researchers and Lecturers

This study analyzes the success of the Riau Islands Province post-regional expansion in the fields of economy and infrastructure. The territorial expansion carried out in 2002 aimed to enhance government efficiency and accelerate regional development. Despite notable progress, such as economic growth exceeding the national average and controlled inflation, significant challenges remain, including dependency on transfers from the central government. The Fiscal Independence Index (IKF) indicates that most districts and cities in Riau Islands Province are still categorized as "Not Independent." Therefore, a comprehensive strategy is needed to increase Regional Original Income (PAD) and strengthen fiscal decentralization. The method used in this study is literature review, which involves examining and analyzing written sources such as books, articles, and academic journals. Through this method, researchers can gather relevant information and understand the context and developments in the studied field. This research also provides policy recommendations to enhance community participation in decision-making, aiming for more effective regional autonomy. Thus, this study is expected to contribute to the literature on regional expansion and local government policies in Indonesia.

Farid Maulana; Maziyah Farhah; Elmesie Berlentie; Rasidah Novita Sari

Jurnal Ekonomi dan Keuangan Islam 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

The development of the National Capital City (IKN) triggers an increase in demand for goods and services, especially in the construction and basic needs sectors, which can cause a spike in regional and national inflation. Monetary policy faces new challenges, including increasing interest rates and the risk of rupiah exchange rate volatility due to dependence on foreign debt financing. These projects also influence economic distribution, creating investment opportunities, but potentially increasing economic inequality. This research emphasizes the importance of coordination between monetary and fiscal policies to mitigate negative impacts on national economic stability.

Tengku Eka Susilawaty; Nancy Mayriski Siregar; Rifqy Cheviandri

Proceeding. of The International Conference on Business and Economics 2024 Universitas 17 Agustus 1945 Semarang

This study aims to explore and empirically test the impact of Gross Domestic Product (GDP) and inflation on value-added tax (VAT) receipts. The research was conducted in Indonesia over the period from 1993 to 2022, using a sample of 30 observations on GDP, inflation and VAT. The sampling method employed was non-probability sampling with a saturation sampling technique, where the entire population was used as the sample. The analysis technique applied was multiple linear regression. The results indicate that, individually, GDP has a significant effect on VAT receipts (t-value > t-table) 2.064 > 2.059; an increase in GDP is likely to enhance VAT receipts due to the increase in household income, which supports the consumption of goods and services. In contrast, inflation does not have a significant effect on VAT receipts (t-value < t-table) 1.470 < 2.059; despite rising inflation, VAT receipts remain stable due to government policies on price controls, subsidies, and other measures to stabilize prices. Collectively, GDP and inflation together account for 98.2% of the effect on VAT receipts. Future research is recommended to include additional variables from both internal and external factors, such as government policies or global economic conditions, to gain a deeper understanding of other determinants affecting VAT receipts beyond GDP and inflation.

Ahmad Wahyudi Zein; Bunga Agustina; Alfatih Faiz Fahlevi; Aly Syibran

Maslahah : Jurnal Manajemen dan Ekonomi Syariah 2024 STAI YPIQ BAUBAU, SULAWESI TENGGARA

Islam was introduced during the time of the Prophet Muhammad SAW, but only developed significantly in the 1970s. In the sixth and seventh centuries AD, during the life of the Prophet Muhammad SAW and at the same time as the Qur'an was revealed, the concept of Islamic economics began to emerge. Even though Islamic economics is still in the process of development, it has made progress during the reign of the Prophet in Medina, where he succeeded in explaining the principles of financial management. Islamic economic practices during the time of the Prophet, Khulafaurrasyidin, and Tab'in showed how important the market was. The Prophet highly appreciated reasonable prices determined by market mechanisms.

Roby Arman Myajaya

Jurnal Hukum dan Sosial Politik 2024 International Forum of Researchers and Lecturers

This study explores the international impact of the Russia-Ukraine conflict, focusing on its economic, political, and security dimensions. Economically, the conflict has disrupted global supply chains, especially in energy and agricultural sectors, causing price volatility and inflation worldwide. Politically, it has reshaped international alliances, with Western countries reinforcing NATO and imposing sanctions on Russia, while other nations maintain neutrality or align strategically. In the security sphere, the conflict has heightened tensions between major powers and triggered increased military spending globally. The study employs a qualitative method using a literature review approach, analyzing primary and secondary sources such as policy documents, academic articles, and international reports. Recommendations include strengthening multilateral diplomacy to mediate the conflict and addressing the cascading economic and security effects through international cooperation. The study concludes that mitigating the impact of the Russia-Ukraine conflict requires comprehensive strategies that balance geopolitical interests and global stability.    

Yudha Nata Saputra

Prosiding Seminar Nasional Ilmu Manajemen Kewirausahaan dan Bisnis 2024 Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Employees are one of the company's assets, their position is very important in order to advance the company, so companies need to pay attention to their employees. On the other hand, employee performance itself will be determined by employee job satisfaction with the company, so paying attention to employee job satisfaction becomes important in order to improve company performance. Among the many factors that influence employee job satisfaction, inflation is one factor that has a fairly strong influence on job satisfaction. In Indonesia, cases of industrial disruption tend to remain high, one of which is caused by problems with the settlement system implemented by companies which are not in line with expectations. This situation shows that the settlement system for related components, the principles and objectives of providing compensation have not been properly understood. Compensation as a system consisting of salaries, incentives and allowances received by employees, each component according to its characteristics has principles that need to be followed. Meanwhile, the objectives of providing compensation include getting quality employees, retaining existing employees, ensuring equality, providing an imbalance that meets expected behavior, controlling costs and complying with applicable laws and regulations.

Liansyah Pratama; Puti Andiny; Yani Rizal; Safuridar Safuridar

Jurnal Ilmiah Ekonomi, Akuntansi, dan Pajak 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

This study aims to analyze the effect of inflation, foreign investment (PMA), value added tax (VAT), and income tax (PPh) on economic growth in Indonesia in the period 2009-2023. Using quantitative methods and multiple linear regression analysis, secondary data taken from the APBN and BPS portals were processed using Eviews 10. The results of the study indicate that inflation, foreign investment, VAT, and PPh partially do not have a significant effect on economic growth. This study reveals that although fiscal and monetary policies play an important role in economic stabilization, external factors such as the COVID-19 pandemic and global economic dynamics also have a major impact. The implications of this study highlight the importance of institutional and regulatory improvements to maximize the contribution of foreign investment and taxation policies to economic growth.

Adityawarman Adityawarman; Muhammad Aji Setiawan; Alif Firdaus Rison Wastiko

Jurnal Paradigma Grobogan 2024 Badan Perencanaan Pembangunan Riset dan Inovasi Daerah

The Gubug Urban Area as a local activity center (PKL) is expected to become a service center for district-scale areas in the western region of Grobogan Regency. With a strategic geographical location because it is adjacent to Semarang City and supported by adequate transportation and other networks, the Gubug Urban Area has developed very rapidly. The existence of transportation hubs such as the Gubug Terminal and Gubug Station has made it easier for the community to support mobility/movement and community activities both regionally and locally. These transportation hubs can be developed into supporting economic activity centers in addition to being public transportation service centers. It is hoped that this development can have a positive impact on progress in the surrounding area. The development of the Gubug Terminal will be directed at transit-oriented development (Transit Oriented Development - TOD) which will combine interactions between transit, commercial and housing activities. The feasibility of the development will be assessed based on its support for macroeconomic and microeconomic conditions. In terms of macroeconomics, the development of the Gubug Terminal will be able to encourage an increase in GRDP, contribute to sectoral growth, and suppress the rate of inflation. From a microeconomic perspective, the development of the terminal as a center of economic activity is considered feasible based on several financial indicators.

Muhajir Isnin; Ira Zulfa

International Journal of Economics and Management Sciences 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

The purpose of this study is to develop a predictive model to predict the trend of the emas price over time and to investigate how this affects important economic variables. As a popular commodity that is regarded as a safe refuge for investments, changes in the price of emas can have a significant impact on a number of economic indicators, such as inflation, consumer spending, and investment decisions. Compiling historical data on emas prices, macroeconomic variables, and other related topics is a component of research methodology. Regression analysis and ARIMA modeling are two methods of deret waktu analysis that can be used to create an andal model of problems. The model's predictive accuracy is then determined by using appropriate statistical metrics. This study's findings provide new and important information about the factors influencing changes in the price of emas and how they affect the economy as a whole. The model that is being used can be used by investors, financial institutions, and policymakers to predict gold price movements and make informed decisions to mitigate risks and capitalize on opportunities. The implications of this research extend all the way to the emas market since it increases our understanding of the close relationship between commodity prices and economic dynamics. The knowledge gained can help create more comprehensive investment and economic policies, which will eventually affect the stability of the economy and economic growth.