Research Paper
Year: 2022 | Month: May | Volume: 9 | Issue: 5 | Pages: 37-45
DOI: https://doi.org/10.52403/ijrr.20220508
Outside and Inside Money Detection towards Post-Covid-19 Steady-State Inflation in 12 Countries
Ade Novalina1, Rusiadi2, Huda Juliani3, Aldi Agustino4, Zata Hasyyati5, Dewi M. Rangkuty6
1-4Master of Economics, Universitas Pembangunan Panca Budi, Medan, Indonesia.
5-6Economic Development, Universitas Pembangunan Panca Budi, Medan, Indonesia.
Corresponding Author: Rusiadi
ABSTRACT
This study aims to analyze the leading indicators of Inflation in The Country With The Largest Money Supply and compare Inflation before and during the Covid-19 pandemic. This study uses secondary data. In time series from 2001 to 2020 and monthly time series data before and during the Covid -19 pandemic, they use the ARDL Panel analysis model and the Differential Test. ARDL Panel analysis shows that the only country capable of being a leading indicator for the stability of the inflation rate is Turkey; this is because all the variables or hands in the study, namely (money supply, interest rates, exports, exchange rates, and GDP) have a significant effect on Inflation. In contrast, the consumption variable has no significant impact on Inflation. The Difference Test analysis shows no significant difference in Inflation and the money supply before and during the Covid-19 pandemic in the country with the largest money supply in the world.
Keywords: money supply; steady-state Inflation.
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