摘要
利用结构向量自回归模型(SVAR)以及脉冲响应函数,采用1984-2006年度样本数据,通过对我国发达地区、次发达地区和不发达地区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。因此,在制定统一货币政策时,中央银行应充分考虑不同地区的经济发展状况,在一定程度上实施区域差别化的货币政策;同时,还要考虑货币政策传导过程中的微观因素。
By adopting the SVAR model and IRF and based on the sample data from 1984 to 2006, this paper conducts an empirical study of the response to the monetary policy from the developed, sub-developed and under-developed regions in China. The results indicate that the monetary policy of China does have an obvious regional effect. This paper studies the regional effect on the basis of the theory of monetary policy transmission mechanism and concludes that when framing the unified monetary policy, the centre bank should take the economic development conditions of different regions into careful consideration, to a certain extent, the monetary policy with regional difference should be put into practice. Meanwhile, attention should be paid to the microcosmic factors during the course of transmission of monetary policy.
出处
《当代财经》
CSSCI
北大核心
2009年第5期51-54,共4页
Contemporary Finance and Economics
基金
国家社会科学基金项目(07BJY154)
