Macroeconomic Issues of the Digital Age: The Cashless Economy, Inflation and Consumption

Abstract

Fiscal and Monetary policies require macroeconomic analysis to look at the consumption instrument, one of them is household consumption as one of the sources of national income, and inflation along with consumption. Knowing and analyzing the effect of cashless payments, digital payment, national income, and inflation in part on consumption. To make a good policy to be economic well-being, we need to conduct deeper research, and the authors have been conducted the research and tried to explain the macroeconomics issues in the digital age. The research data is secondary data in the form of a quarterly time series from 2010 to 2019 with quantitative analysis. The analysis technique used is the Double Linear Regression analysis technique using the Ordinary Least Square (OLS) model. The results showed that the cashless economy and inflation simultaneously affect the consumption in Indonesia.