本文選題：區(qū)際資本流動　切入點：貨幣政策區(qū)域效應(yīng)　出處：《湘潭大學(xué)》2012年碩士論文　論文類型：學(xué)位論文

【摘要】：貨幣政策是指中央銀行為影響經(jīng)濟活動所采取的措施，尤指控制貨幣供給以及調(diào)控利率的各項措施，用以達到特定政策目標。貨幣政策常常以總量形式出現(xiàn)，致使人們常常忽視了貨幣政策執(zhí)行的差異性，這種差異性源于統(tǒng)一貨幣政策作用于不同微觀主體時，各微觀主體會對統(tǒng)一的貨幣政策做出如何的不同反應(yīng)；統(tǒng)一的貨幣政策作用于不同的產(chǎn)業(yè)時，各產(chǎn)業(yè)對統(tǒng)一的貨幣政策會做出何種不同反應(yīng)；統(tǒng)一的貨幣政策作用于不同區(qū)域時，不同區(qū)域會做出何種不同反應(yīng)。從區(qū)域的角度看，統(tǒng)一的貨幣政策由于我國的區(qū)域差異會產(chǎn)生區(qū)域效應(yīng)，，貨幣政策的區(qū)域效應(yīng)會損害貨幣政策的整體執(zhí)行效果，致使我國發(fā)達地區(qū)事實上長期得以隱形補貼，落后地區(qū)在統(tǒng)一貨幣政策下處于不利地位。而區(qū)際資本流動影響著貨幣政策傳導(dǎo)的區(qū)域差異，因此把區(qū)際資本流動作為貨幣政策區(qū)域效應(yīng)的成因來研究貨幣政策的區(qū)域效應(yīng)意義重大。 本文從利率的區(qū)域差異、企業(yè)結(jié)構(gòu)的區(qū)域差異、產(chǎn)業(yè)結(jié)構(gòu)的區(qū)域差異、對外開放程度的區(qū)域差異、資本貨幣市場的區(qū)域差異入手，運用定性定量的方法深入分析了地區(qū)間經(jīng)濟社會的差異如何造成貨幣政策的區(qū)域效應(yīng)，貨幣政策的區(qū)域效應(yīng)是怎樣導(dǎo)致資本的區(qū)際流動，資本的區(qū)際流動又是如何加大貨幣政策的區(qū)域效應(yīng)的。在此基礎(chǔ)上，建立了基于資本流動的貨幣政策區(qū)域效應(yīng)理論模型，將主要影響變量列入，重點探討了適應(yīng)性利率預(yù)期、利率滯后調(diào)、預(yù)期匯率調(diào)整對動態(tài)模型的影響，使理論的分析更加生動。并用計量方法進行了實證分析。實證了資本流動與區(qū)域?qū)嶋H利率、貨幣供應(yīng)、區(qū)域地區(qū)生產(chǎn)總值存在長期穩(wěn)定關(guān)系及各地區(qū)的產(chǎn)出對貨幣供應(yīng)的反應(yīng)不一。故此，本文著重從提高中西部地區(qū)的產(chǎn)業(yè)結(jié)構(gòu)、創(chuàng)新貨幣政策工具區(qū)域化操作、完善中西部地區(qū)金融市場及金融機構(gòu)體系、加快區(qū)域性專業(yè)政策銀行建設(shè)步伐四個方面提出具體可操作的建議，以期遏制資本流動現(xiàn)狀，提高我國貨幣政策整體執(zhí)行效果
[Abstract]:Monetary policy refers to measures taken by the central bank to influence economic activities, especially measures to control the supply of money and regulate interest rates in order to achieve specific policy objectives. Monetary policy often occurs in the form of a total amount. As a result, people often ignore the difference in the implementation of monetary policy, which originates from the different reactions of different micro-subjects when the unified monetary policy acts on different micro-subjects; When a unified monetary policy acts on different industries, what different reactions will each industry make to the unified monetary policy; when a unified monetary policy acts on different regions, what different reactions will be made by different regions. The unified monetary policy will produce regional effect because of the regional difference of our country, and the regional effect of monetary policy will damage the overall implementation effect of monetary policy, resulting in the long-term invisible subsidy in the developed regions of our country. The backward areas are at a disadvantage under the unified monetary policy, and the inter-regional capital flow affects the regional differences in the transmission of monetary policy. Therefore, it is of great significance to study the regional effect of monetary policy by taking the inter-regional capital flow as the cause of the regional effect of monetary policy. This paper starts with the regional difference of interest rate, the regional difference of enterprise structure, the regional difference of industrial structure, the regional difference of degree of opening to the outside world, the regional difference of capital money market. By using the qualitative and quantitative method, the paper analyzes how the economic and social differences between regions cause the regional effect of monetary policy, and how the regional effect of monetary policy leads to the inter-regional flow of capital. On the basis of the regional effect of monetary policy, the regional effect model of monetary policy based on capital flow is established, the main influence variables are included, and the adaptive interest rate expectation is discussed. The impact of interest rate lag adjustment and expected exchange rate adjustment on the dynamic model makes the theoretical analysis more vivid. There is a long-term stable relationship between regional GDP and regional output. Therefore, this paper focuses on improving the industrial structure of the central and western regions and innovating the regional operation of monetary policy tools. Perfecting the financial market and financial institution system in the central and western regions, speeding up the construction of regional professional policy banks, and putting forward four practical suggestions in order to contain the current situation of capital flow and improve the overall implementation effect of monetary policy in China.
【學(xué)位授予單位】：湘潭大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2012
【分類號】：F822.0;F224

【參考文獻】

相關(guān)期刊論文 前2條

1 何麗娜;;我國貨幣政策區(qū)域效應(yīng)非對稱性實證研究——基于蘇皖兩省的VAR模型分析[J];金融理論與實踐;2010年05期

2 彭文斌;田銀華;;基于儲蓄—投資關(guān)系的中國省域資本流動分析[J];求索;2010年02期

本文編號：1620352