Analisis pengaruh makroekonomi, indeks saham global, harga emas dunia dan harga minyak dunia terhadap Indeks Harga Saham Gabungan (IHSG)

<p><span lang="EN-US">Tujuan dari penelitian ini adalah untuk menganalisis </span><span lang="IN">bagaimana hubungan</span><span lang="EN-US"> jangka pendek dan panjang Makroekonomi, Indeks Saham Global, Harga Emas Dunia, Minyak Dunia terhadap Gabungan (IHSG) selama periode lang="IN">Januari</span><span 2010</span><span lang="IN"> hingga Desember lang="EN-US">2019 menggunakan data bulanan.</span><span Dalam terdahulu, masih adanya inkonsistensi dalam hasil membuat harus dilakukan.</span><span Analisis yang digunakan model <em>Autoregressive Distribute-Lag</em> (ARDL). lang="IN">Model ARDL berbeda dengan <em>Eror Correction Model</em> (ECM) dimana kita tidak mempermasalahkan perbedaan tingkat stasioneritas. Kesimpulan lang="EN-US">menunjukkan bahwa lang="IN">Inflasi, Nilai tukar Rupiah <em>Dollar</em>, berpengaruh negatif IHSG. Sedangkan <em>Nikkei</em> 225, SSE, positif Inflasi, Tukar 225 emas dunia IHSG.</span></p><p><span lang="IN"><br /></span></p><p><span lang="IN"><em><span lang="EN-US">The purpose of this study is to analyze the short-term and long-term relationship Macroeconomics, Global Stock Index, World Gold Prices, Oil Prices Jakarta Composite Index (JCI) during period January 2010 December 2019 using monthly data. In previous research, there are still inconsistencies in research results, making must be done. The analysis used Autoregressive Distribute-Lag (ARDL) model. different from Error Model where we don't care about levels stationarity. conclusion shows that inflation, exchange rate rupiah against dollar, world oil prices have a negative effect on JCI. Meanwhile, Nikkei SSE Price positive longterm Inflation, Exchange Rate Dollar, While index has gold price does not JCI.</span></em></span></p>