| dc.description.abstract | The purpose of this research is to determine the effect of macroeconomic
variables as independent variables, namely the exchange rate, inflation,
and the money supply to the dependent variable, namely Composite Stock
Price Index (CSPI), and Jakarta Islamic Index (JII). The method used in
this research is descriptive analysis and quantitative analysis using
methods Dyanmic Ordinary Least Square (DOLS). Descriptive analysis
showed that dependent variables and independent variables showed
fluctuation development. While the results of the analysis DOLS, showed
that the exchange rate significant negative effect on CSPI and JII, while the
exchange rate one previous month and no significant positive effect on
CSPI and JII in the short term. Inflation have a negative effect and no
significant effect on CSPI and JII, while the inflation one previous month is
negative and significant effect on CSPI and JII in the short term. The
money supply is no significant and positive effect on CSPI and JII, while
the money supply one previous month is negative and no significant effect
on CSPI and JII in the short term. But simultaneously the independent
variables can explain the relationship of the CSPI and JII in the short term. | en_US |
