Development Economics Study Program, Universitas Pembangunan Panca Budi Medan, Indonesia.
Research Article
World Journal of Advanced Research and Reviews, 2024, 24(02), 1686-1718
Received on 02 October 2024; revised on 11 November 2024; accepted on 13 November 2024
Inflation is one of the economic problems that cannot be ignored. Combating the rate of inflation itself is a type of financial strategy in the form of economic policy which is often known as price stability. This study aims to determine the effect of monetary and fiscal policies in controlling price stability in the form of inflation from 2010 to 2021. This study uses the Vector Autoregressive (VAR) method using quantitative data in the form of secondary data taken from the world and processed using Eviews10. The objects in this study are from several monetary policy variables and fiscal policies, namely interest rate (SB), Gross Domestic Product (GDP), Money Supply (JUB), Government Expenditure (GOV), Exchange Rate (KURS), and Tax (TAX) in 5 Super Power countries; Indonesia, India, Russia, China, and the United States. The study results show that the Blend Policies variable (Monetary and Fiscal Policy) influence each other in controlling price stability in the 5 Super Power countries in the short, medium, and long term.
Inflation; Price Stability; Monetary Policy; Fiscal Policy; VAR
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Desita Ramadhani, Lia Nazliana Nasution and Wahyu Indah Sari. Analysis of blend policies in price stability control during the covid-19 pandemic in the five super power countries. World Journal of Advanced Research and Reviews, 2024, 24(2), 1686-1718. Article DOI: https://doi.org/10.30574/wjarr.2024.24.2.3433