The Impact of Macroeconomic Fundamental Policies on The Composite Stock Price Index

Abstract

This study aims to test the purpose of this study, namely to determine the effect of Gross Domestic Product, Inflation, Interest Rates and Rupiah Exchange Rate on the Composite  Stock Price Index.This type of research uses  quantitative  methods  and using secondary data. The data used in this study are time series of Gross Domestic Product, Inflation, Interest Rates, Rupiah Exchange Rate and JCI during the  2011-2020 period. Sampling from this study used the saturated sample method from the monthly data of  each variable for 10 years, so that 120 samples were obtained.  This research uses multiple linear analysis techniques with the application of eviews 9. The results of  this study show that the Gross Domestic Product variable   has a positive and significant  influence on the JCI, the Inflation variable has a positive and significant influence on the JCI, the  Interest Rate  variable does not have  a significant influence on the JCI and the Rupiah Exchange Rate variable has a negative and significant influence on the JCI.