IS-LM MODEL AND IS-LM CURVE
Abstract
From the empirical data, Indonesia's economic growth rate based on GDP has decreased a lot. To increase Indonesia's GDP, an effecve research is conducted where the monetary or fiscal policy in influencing Indonesia's GDP. This research uses IS-LM model by using Two-Stage Least Square (TSLS) method to estimate the variables in the research. The results showed that the value of Indonesia's GDP using IS-LM amounted to 2034769.68 billion and the interest rate was at -8.78 percent. fiscal policy multiplier of 0.63 and a monetary multiplier value of 1.72.
Full Text:
PDFRefbacks
- There are currently no refbacks.
Copyright (c) 2022 Eksya Pasca
Editor in Chief
- Rukiah, Institut Agama Islam Islam Negeri Padangsidimpuan, Sumatera Utara, Indonesia
Managing Editor
- Zulhimma, Institut Agama Islam Islam Negeri Padangsidimpuan, Sumatera Utara, Indonesia
Editors
- Ananda Anugrah Nasution, Institut Agama Islam Negeri Padangsidimpuan, Sumatera Utara, Indonesia
- Samsuddin Muhammad, Institut Agama Islam Negeri Padangsidimpuan, Sumatera Utara, Indonesia
- Ali Hardana, Institut Agama Islam Negeri Padangsidimpuan, Sumatera Utara, Indonesia
- Adi Syaputra Situmorang, Institut Agama Islam Negeri Padangsidimpuan, Sumatera Utara, Indonesia
- Taufik Mahmud, Institut Agama Islam Negeri Lhokseumawe, Nangroe Aceh Darussalam, Indonesia
Reviewers
- Andri Soemitra, Universitas Islam Negeri Sumatera Utara, Indonesia
- Hendri Tanjung, Universitas Ibn Khaldun, Bogor, Indonesia
- Saparuddin Siregar, Universitas Islam Negeri Sumatera Utara, Indonesia
- Rukiah, Institut Agama Islam Negeri Padangsidimpuan, Sumatera Utara, Indonesia
- Ibrahim Siregar, Institut Agama Islam Negeri Padangsidimpuan, Sumatera Utara, Indonesia
- Fatahuddin Aziz Siregar, Institut Agama Islam Negeri Padangsidimpuan, Sumatera Utara, Indonesia