Inflation, Foreign Exchange, Interest Rate, Trade Balance, Payment Balance on Growth In The Covid-19 Pandemic

Anton Atno Parluhutan Sinaga

8 citations0/0 files storedSocioEconomic Challenges

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Monetary Policy and Economic Impact Economic Theory and Policy Economic Growth and Fiscal Policies

Abstract

The purpose of this study is to determine the effect of inflation, foreign exchange rates, interest rates and trade balance on economic growth through an increase in the balance of payments. The research method used in this study is a quantitative descriptive research method using path analysis using AMOS 18. Variables of inflation, interest rates and the balance of trade affect economic growth through an increase in the balance of payments, where these three macroeconomic variables are capable of boosting economic growth, while the moderator variable for an increase in the balance of payments is the link and driver for the three variables such as inflation, interest rates and the trade balance did not contract against the increase in economic growth. The conclusion of this study is that partially inflation, interest rates and the trade balance have a significant effect on the economic growth variable and the moderator variable for increasing the balance of payments, while simultaneously the inflation variables, foreign exchange rates, interest rates and the trade balance has a significant effect on the variable of economic growth through the variable of increasing the balance of payments. Through the results of research that has been stated that the inflation variable, interest rates and trade balance affect economic growth through an increase in the balance of payments, where these three macroeconomic variables are things that are able to boost economic growth, while the moderator variable for an increase in the balance of payments is a link and a driving force for the three variables such as inflation, interest rates and the trade balance did not contract to the increase in economic growth.

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References

2020The global fiscal response to COVID-19: Risks and repercussions 2021In search of safe haven assets during COVID-19 pandemic: An empirical analysis of different investor types 2020Global reset: COVID-19, systemic rivalry and the global order 2020The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review 2020Aid to Africa’s agriculture towards building physical capital: Empirical evidence and implications for post-COVID-19 food insecurity 2020Follow the people and the money: Effects of inward FDI on migrant remittances and the contingent role of new firm creation and institutional infrastructure in emerging economies 2021Macroprudential regulations and systemic risk: Does the one-size-fits-all approach work?2020Quantifying sovereign risk in the euro area

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