INTERAKSI MONETER DAN MAKRO EKONOMI TERHADAP HARGA SAHAM INDONESIA, CHINA DAN AUSTRALIA

Rusiadi;

Abstract

The research aims to determine the long-term monetary interaction of macroeconomic and joint-stock prices in Indonesia, China, and Australia. Model analysis using the ARDL Panel. The research results to present the Leading indicator of the country's effectiveness in the effective control of the state of Indonesia, China, and Australia. Australia (inflation, GDP, unemployment). Other countries such as Indonesia's stock price control is done by inflation and the amount of money supply. China is still strong in controlling the price of stocks through the stability of inflation. The leading indicator of the effectiveness of variables in the control of stability of Indonesia, China, and Australia, namely inflation (Indonesia, China, and Australia) is seen from the stability of short-run and long-run, where the inflation variable significantly controls the stock price in the short term only, but not stable control the stock price in the long term.