ANALISIS PENGARUH PRODUK DOMESTIK BRUTO (PDB), BI RATE, KURS DAN HARGA MINYAK DUNIA TERHADAP INFLASI DI INDONESIA TAHUN 1988-2018 PENDEKATAN VECTOR ERROR CORRECTION MODEL (VECM)
Abstract
This research aims to analyze the influence of gross domestic product
(GDP), BI rate, exchange rate and world oil price toward the inflation in
Indonesia. The dependent variable used was inflation, while the independent
variable was the gross domestic product (GDP), BI rate, exchange rate and world
oil price. By using the VECM estimation it is concluded that in short-term period
the variables of gross domestic product (GDP), BI rate, and exchange rate have
significant influence toward the inflation in Indonesia. On the other hand, the
variable of world oil price does not have any significant influence toward the
inflation. In long-term period, the estimation results show that the variables of
gross domestic product (GDP), BI rate, and exchange rate have significant
influence toward the inflation in Indonesia. Meanwhile, the variable of world oil
price does not have any significant influence toward the inflation.