Abstract
This study aims to explain the influence of macroeconomic variables on the Jakarta Islamic Index (JII) in the long and short term and also to determine the dynamic pattern that occurs between the independent and dependent variables. The independent variables in this study are inflation, interest rates, and exchange rates and the dependent variable in this study is the Jakarta Islamic Index (JII). The analysis method used in this research is Vector Error Correction Models (VECM), the data used in this study are monthly time series data from January 2019 - December 2023. The results of this study state that the influence of inflation and exchange rate variables on the Jakarta Islamic Index in the long term and short term has a positive and insignificant effect, and the interest rate variable in the long term has a significant negative effect, but in the short term the interest rate variable has a negative and insignificant effect on the Jakarta Islamic Index (JII).

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