Abstract
CoronaVirus Disease-2019 (COVID-19) pandemic has dramatically affected people’s lives in Indonesia, including the economic sector. Central Bureau of Statistics (BPS) has announced that Indonesia’s inflation tends to weaken, and in July 2020, it reached -0.01%. This change in the inflation trend was due to an increase in layoffs (PHK) and the existence of a work scheme to become Work From Home (WFH). This study intends to find a model of Indonesia’s inflation to the number of additional positive cases of COVID-19 infection using panel data regression analysis with the one-way (individual-effect) fixed-effects model approach. The data used are inflation rate data and the number of additional positive cases infected per province in Indonesia per month, from January to July 2020. Based on this inflation model, one can determine the relationship between the inflation rate and the number of additional positive cases infected. The analysis using panel data regression analysis with the one-way (individual-effect) fixed-effects model approach obtained that the increase in the number of positive cases affected Indonesia’s inflation, where each addition of one case will reduce the inflation value by 5.14 × 10−5.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
