Published July 1, 2024 | Version v1
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Non-Cash Payments and Inflation in Indonesia

Description

This study aims to identify the effect of the Non-Cash Payment System as a core independent variable with the Money Supply and Gross Domestic Product as control variables on Inflation in Indonesia in the short term and long term period 2012:Q1-2023:Q4. The analytical method used in this study is Autoregressive Distributed Lag (ARDL). Based on the ARDL estimation results, in the long run, Electronic Money, Money Supply, and GDP has a positive and significant effect on inflation, while Transaction Volume has a negative and significant effect on Inflation. In the short run, Electronic Money, Money Supply, and GDP has a positive and significant effect on inflation, while Transaction Volume has a negative and significant effect on Inflation in Indonesia.

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