ANALISIS STABILITAS PERMINTAAN UANG DAN STABILITAS HARGA TERHADAP TINJAUAN MODEL BAGI HASIL DI INDONESIA TAHUN 2011-2016
Abstract
Regulatory efforts to control the demand for money with interest rates as a
monetary instrument will instead lead to misuse of financial resources for
unproductive purposes. Therefore Islamic economists are more likely to rely on
three important variables in the management money demand. One of the variables
is the rste of nil profit as a substitute for the existence of interest rates. The
purpose of this study is to analyze interest rate, money demand and price stability,
as well as the growth of the amount of money (money supply) or money demand
and the price level affecting the level of profit sharing in Indonesia. This research
uses associative quantitative method with Vector Error Correction Model
(VECM) analysis tool. The result of this research is that, firstly, from the result of
Granger test it is known that mutual relationship between JUB (the money supply)
variables as money demand proxy statistically significant gives influence on the
variable of IPI. Second, the result of VECM, TBR gives influence in a long-term
effect on BASIL. Third, based on the simulation of IRF and FEVD, the stability
of money demand and price stability of price of the profit sharing proved less
effective.