The Impact of Fiscal Policy, Monetary Policy, GDP and Trade towards Inflation among ASEAN-5 Countries in 1985-2016

Abstract

The purpose of this research is to identify and analyze about the impact of fiscal policy, monetary policy, Growth Domestic Product (GDP) and trade (export-import) toward Inflation. Furthermore, fiscal policy divided into namely government spending and tax revenue, then monetary policy divided into three which is money supply, interest rate and exchange rate. The population from this study is ASEAN Countries, while the sample for this study is ASEAN-5 Countries, which is Indonesia, Malaysia, Philippines, Singapore and Thailand. The data that used in this study is from 1985-2016. Then, this study is used panel data method and used program E-Views. The result of this study said that there is significant effect in government spending, tax revenue, money supply, interest rate, exchange rate and GDP towards inflation through partial. But, there is no relationship between trade (export-import) and inflation.