PERMINTAAN UANG (M1) DI INDONESIA PADA ERA PANDEMI 2019 - 2022: ANALISIS PENGARUH RATA - RATA PENDAPATAN DAN SUKU BUNGA BI
Kata Kunci:
Rata-rata Pendapatan, Suku Bunga BI, Permintaan Uang (M1), Pandemi Covid-19Abstrak
Studi ini melihat bagaimana rata-rata pendapatan dan suku bunga BI berdampak pada permintaan uang (M1) di Indonesia selama pandemi 2019-2022. Data sekunder yang digunakan dalam penelitian ini berasal dari Bank Indonesia dan Badan Pusat Statistik. Metode kuantitatif digunakan dalam penelitian ini. Untuk menganalisis penelitian ini, regresi linier berganda dan uji asumsi klasik digunakan untuk menguji normalitas, heteroskedastisitas, multikolinearitas, dan autokorelasi. Untuk menentukan signifikansi, uji F simultan dan uji t parsial digunakan. Hasilnya, permintaan uang di Indonesia selama masa COVID-19 dipengaruhi secara signifikan oleh kedua variabel independen, baik secara parsial maupun simultan. Suku bunga BI memiliki korelasi negatif - signifikan, sedangkan rata-rata pendapatan memiliki korelasi positif - signifikan. Hasil ini linier dengan Teori Permintaan Uang Keynes, yang menjelaskan bahwa pendapatan dipengaruhi oleh motif transaksi dan berjaga-jaga, serta suku bunga menentukan permintaan uang.
This study examines how average income and BI interest rates affect money demand (M1) in Indonesia during the 2019-2022 pandemic. The secondary data used in this study were obtained from Bank Indonesia and BPS-Statistic. Quantitative methods were used in this study. To analyze this research, multiple linear regression and classical assumption tests were used to test normality, heteroscedasticity, multicollinearity, and autocorrelation. To determine significance, simultaneous F tests and partial t tests were used. The results show that money demand in Indonesia during the COVID-19 period was significantly influenced by both independent variables, both partially and simultaneously. The BI interest rate has a significant negative correlation, while average income has a significant positive correlation. These results are linear with Keynes' Money Demand Theory, which explains that income is influenced by transaction and precautionary motives, and interest rates determine the demand for money.
