Analisis Makroekonomi Dalam Pasar Modal Di Indonesia Tahun 2008 – 2016 Melalui Error Correction Model (ECM)

Capital market is one of the driving tools of the economy in a country, because the capital market is a means of capital formation and the accumulation of long-term funds directed to increase public participation in the mobilization of funds to support the financing of national development. In addition, the capital market is also a representation to assess the condition of companies in a country, because almost all industries in all countries are represented by the capital market. To measure stock performance on the stock exchange used Composite Stock Price Index (CSPI). This study was conducted to analyze the variables affecting the Composite Stock Price Index (CSPI). Movement Composite Stock Price Index (CSPI). Very volatile. A country's macroeconomic change is one of the factors affecting the movement of Composite Stock Price Index (CSPI)), this research focuses on macro economy fariabel. The macro variables used are inflation, interest rate, exchange rate, and money supply. This study uses a quantitative approach. The analysis tool used is error correction model (ECM). 2 The type of data used is quarterly data from 2008 - 2016. The sites used in this study are www.bi.go.id, www.bps.go.id, and www.finance.yahoo.com, kemenda