Influence of value added tax, government debt, money supply and subsidies on price stability: case study of eurozone countries / Mohd Shahreza Mohd Salleh

Eurozone is the part of Euro Area in European Union that is using a single currency, which is Euro (€). In order to stabilize its currency and overall economic zone in Euro Area, European Central Bank has a unilateral mandate to pursue for Price Stability by announced to all the state member of Eurozone that they need to follow an annual basis in Harmonised Index of Consumer Price (HICP) for the euro area of below 2 percent. This research was conducted with the focus to scrutinize the relationship between dependent variables (Price Stability with CPI as a proxy) and independent variables (Value Added Tax, Government Debt, Money Supply, Subsidies) of the entire state member in Eurozone.