Authors:

Komang Putra Jaya Darmawan, I Nyoman Mahaendra Yasa

Abstract:

“This study aims to 1) analyze the direct influence of Inflation, Interest Rates and Exchange Rates on the Jakarta Composite Index (JCI) in Indonesia. 2) analyze the direct influence of Inflation, Interest Rates, Exchange Rates and JCI on Government Bonds in Indonesia. 3) determine the indirect effect of Inflation, Interest Rates, and Exchange Rates on Government Bonds through the JCI in Indonesia. The data used in this study is secondary data from 2010 to 2019 sourced from the Central Statistics Agency (BPS), Bank Indonesia and the Indonesia Stock Exchange. The analytical technique used in this study is path analysis. The test results show that 1) Inflation has no direct effect on the Jakarta Composite Index. Interest rates do not directly have a significant effect on the Jakarta Composite Index in Indonesia. The exchange rate directly has a positive and significant effect on the composite stock price index in Indonesia. 2) Inflation has no direct effect on government bonds in Indonesia. Interest rates do not directly have a significant effect on government bonds in Indonesia. The exchange rate directly does not have a significant effect on government bonds in Indonesia. The Jakarta Composite Index does not directly have a significant effect on government bonds in Indonesia. 3) Inflation, interest rates, and exchange rates do not indirectly affect government bonds through the Jakarta Composite Index.”

Keywords

Keyword Not Available

Downloads:

Download data is not yet available.

References

References Not Available

PDF:

https://jurnal.harianregional.com/eeb/full-77233

Published

2022-03-30

How To Cite

DARMAWAN, Komang Putra Jaya; YASA, I Nyoman Mahaendra. PENGARUH KINERJA MAKROEKONOMI TERHADAP INDEKS HARGA SAHAM GABUNGAN (IHSG) DAN GOVERNMENT BONDS DI INDONESIA.E-Jurnal Ekonomi dan Bisnis Universitas Udayana, [S.l.], p. 257-270, mar. 2022. ISSN 2337-3067. Available at: https://ojs.unud.ac.id/index.php/EEB/article/view/77233. Date accessed: 28 Aug. 2025. doi:https://doi.org/10.24843/EEB.2022.v11.i03.p02.

Citation Format

ABNT, APA, BibTeX, CBE, EndNote - EndNote format (Macintosh & Windows), MLA, ProCite - RIS format (Macintosh & Windows), RefWorks, Reference Manager - RIS format (Windows only), Turabian

Issue

VOLUME.11.NO.03.TAHUN.2022

Section

Articles

Creative Commons License This work is licensed under a Creative Commons Attribution 4.0 International License