Pengaruh Jumlah Uang Beredar, Inflasi, dan Suku Bunga BI Rate Terhadap Jakarta Islamic Index (JII) Periode Tahun 2020 – 2022

Authors

  • Rini Widiastuti ITB AAS INDONESIA SURAKARTA, Indonesia
  • Iin Emy Prastiwi ITB AAS Indonesia, Indonesia
  • Sumadi Sumadi ITB AAS INDONESIA, Indonesia

DOI:

https://doi.org/10.29040/jiei.v10i2.13295

Keywords:

Money Supply, Inflation, BI Rate, and Jakarta Islamic Index.

Abstract

This research was conducted to analyze the effect of macroeconomic variables, especially the amount of money in circulation, inflation, and the BI Rate on the Jakarta Islamic Index (JII) in the period 2020 – 2022. The data in this study were collected from time series data from the month January 2020 to December 2022 which is carried out by observing the closing price of the stock price index every month. Data analysis used the classical assumption test with the data analysis method using multiple linear regression methods, in addition to that, the F test, t test, and the coefficient of determination were also carried out. The results of the study show that the money supply variable (M2) partially has no significant effect on the Jakarta Islamic Index with a tcount of 1.901 and a ttable of 2.03693. The inflation variable partially has a significant effect on the Jakarta Islamic Index with a tcount of 2.322 and a ttable of 2.03693. Meanwhile, the BI interest rate variable partially has no significant effect on the Jakarta Islamic Index with a tcount of -0.951 and a ttable of 2.03693.

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Published

26-07-2024

How to Cite

Widiastuti, R., Prastiwi, I. E., & Sumadi, S. (2024). Pengaruh Jumlah Uang Beredar, Inflasi, dan Suku Bunga BI Rate Terhadap Jakarta Islamic Index (JII) Periode Tahun 2020 – 2022. Jurnal Ilmiah Ekonomi Islam, 10(2), 2114–2126. https://doi.org/10.29040/jiei.v10i2.13295

Issue

Vol. 10 No. 2 (2024): JIEI : Vol.10, No.2, 2024

Section

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