Effect of macroeconomic indicators on stock price indices with the vector error correction model approach
Julia Safitri,
Heffi Christya Rahayu,
Jayadi Jayadi
et al.
Abstract:The capital market as one of the important instruments in the economy requires indicators to determine growth in it. The Composite Stock Price Index (IHSG) is used as one of the capital market indicators with various influencing factors. This research was conducted to test and analyze the effect of inflation, exchange rate, the Bank Indonesia (BI) rate, and money supply (M2) on the Jakarta Composite Index (JCI) in the period from January 2017 to March 2022. In this study, quantitative descriptive research was … Show more
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