ANALISIS UANG, OUTPUT AGREGAT DAN SISTEM UANG KOMODITAS

Abstract

This study analyzes the role of money in macroeconomics, its impact on aggregate output, and the implications of a commodity money system. Using both theoretical and empirical approaches, the research evaluates the transmission mechanism of monetary policy and the relationship between money supply and aggregate output. Additionally, it assesses the effectiveness and economic stability of commodity money systems compared to fiat money systems. The findings indicate that money significantly influences aggregate output and economic stability. While the commodity money system offers more stability in value, it is less flexible than fiat money. These results underscore the importance of effective monetary policy in maintaining economic stability and suggest the potential integration of commodity money elements in modern monetary policy.