PENGARUH PRODUK DOMESTIK BRUTO, BI RATE DAN NILAI TUKAR TERHADAP JUMLAH UANG BEREDAR (M2) DI INDONESIA TAHUN 2000-2020

Abstract

This study aims to determine how the influence of the Gross Domestic Product, BI Rate, and Exchange Rate on the money supply (M2) in 2000-2020. This study uses secondary data obtained from Bank Indonesia and the Indonesian Central Bureau of Statistics with a time span of 2000 to 2020. In this study, using the Multiple Linear Regression method to determine changes in the value of the dependent variable, namely the amount of money in circulation (M2) which is influenced by independent variables, namely Gross Domestic Product (GDP), BI Rate, and Exchange Rate with the eview program 10. The results showed that the GDP variable had a positive and significant effect on the money supply (M2) in 2000-2020. The BI Rate variable has a negative and significant effect on the money supply (M2) in 2000-2020, while the exchange rate variable has a positive and significant effect on the money supply (M2) in 2000-2020.

Keywords: Supply Money (M2), Gross Domestic Product, Interest Rates (BI Rate), and Exchange Rates