PERANAN PENDAPATAN RIIL, TINGKAT BUNGA DAN INFLASI DALAM FUNGSI PERMINTAAN UANG

Daryono Soebagiyo(1*)

(1) Universitas Muhammadiyah Surakarta
(*) Corresponding Author

Abstract

This writing to see problem of real income, inflation, and interest rate in money demand function. There are some perception similarities that money demand largely depends on the income or GNP (Gross National Product), besides other factors involved, like interest and inflation rates. However, to make and estimation about money demand in and economic system, it will involved some interrelated problems. (I) The definition of the most suitable money, (2) argumentation about money demand function, (3) the stability of the function statistically from period to period.

The writer persons a study model from M. Semudram with OLS (Ordinary Least Square) method towards function in the form of log linear where the variable inserted is the demanded sum of nominal money, consumers price index, nominal GNP, interest rate, and inflation rate.

Keywords

export-led growth hypothesis; internally generated export hypothesis; export-reducing growth hypothesis and growth-reducing export hypothesis.

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References

Bank Indonesia, 1998; Buletin Ekonomi Moneter dan Perbankan, BI, Jakarta

Ritter Lawrence S, William L Silber, Money, Banking, and Financial Markets, Sixth Edition, New-York: Basic Books Inc Publishers.

Spencer Milton.H, dan Amos, 1993; Contemporary Economics, Eigth Edition, New-York: Worth Publishers.

The University of Chicago Press, 1995; Journal of Political Economy, Illinois: University of Chicago Press.

The World Bank, 1995; The World Bank Economics Review. USA.

DOI: 10.23917/jep.v4i1.4015

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