摘要
我国统一货币政策忽视了区域经济发展不平衡对货币政策的不同需求,从而可能会出现货币政策区域效应。在借鉴国内外研究成果的基础上,本文利用向量自回归模型(VAR)以及脉冲相应函数,采用1978年至2007年的年度样本数据,通过对我国东、中、西部对货币政策响应的实证研究,表明我国货币政策确实存在明显的区域效应。本文基于货币政策传导机制理论来研究区域效应,从而提出顺畅我国货币政策的传导机制,减缓货币政策区域效应的建议。
The implementation of universal monetary policies in China has ignored the disparities of regional economics, which has different demands of monetary policy. Based on the achievements of latest studies, using the data from 1978 to 2007, this paper adopts VAR model and IRF, and shows that there are evident regional effects in the China east, central and west regions. This paper is based on the theory of monetary policy transmission mechanism, and puts forward the suggestions of smoothing the transmission mechanism of monetary policy in order to minimize the regional effect.
出处
《金融理论与实践》
北大核心
2008年第7期42-45,共4页
Financial Theory and Practice
基金
国家社会科学基金项目(07BJY154)资助
