本文選題：區(qū)域效應(yīng)　切入點：貨幣政策　出處：《復(fù)旦大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

【摘要】：貨幣政策對于國家經(jīng)濟(jì)的協(xié)調(diào)有序發(fā)展起著關(guān)鍵性的作用,而區(qū)域經(jīng)濟(jì)水平各方面的差異會導(dǎo)致統(tǒng)一的貨幣政策在各地區(qū)中產(chǎn)生差異化的效果,即貨幣政策的區(qū)域效應(yīng)。在關(guān)于貨幣政策的研究中,區(qū)域效應(yīng)是一個非常值得關(guān)注和具有現(xiàn)實意義的課題,特別是針對我國目前區(qū)域經(jīng)濟(jì)水平發(fā)展失衡的情況,研究清楚區(qū)域效應(yīng)及其產(chǎn)生機(jī)制對貨幣政策的制定及地區(qū)經(jīng)濟(jì)的健康發(fā)展均有指導(dǎo)性的作用。本文試圖從存在性和產(chǎn)生原因兩方面入手對我國的貨幣政策區(qū)域效應(yīng)進(jìn)行研究。本文將我國31個省、自治區(qū)及直轄市分為東中西三個地區(qū),利用協(xié)整關(guān)系和格蘭杰因果檢驗方法等檢驗變量序列關(guān)系,并建立結(jié)構(gòu)向量自回歸模型,求解脈沖響應(yīng)函數(shù),分別檢驗地區(qū)經(jīng)濟(jì)代表變量對于貨幣政策一個單位沖擊的動態(tài)響應(yīng),證明了我國存在著顯著的區(qū)域效應(yīng),經(jīng)濟(jì)發(fā)達(dá)的地區(qū)具有更高的貨幣政策響應(yīng)程度,并針對西部地區(qū)得到了和較早文獻(xiàn)相比具有差異性的結(jié)論。本文進(jìn)一步利用分時期樣本的檢驗,得出我國的區(qū)域效應(yīng)隨時間產(chǎn)生變化,在前西部大開發(fā)時期和西部大開發(fā)后時期,西部地區(qū)的區(qū)域效應(yīng)呈現(xiàn)出不同的貨幣政策敏感度,較好的解釋了前文得到的結(jié)果�；诶是篮托刨J渠道,本文試圖對貨幣政策區(qū)域效應(yīng)的產(chǎn)生原因進(jìn)行解釋。研究結(jié)果顯示,利率渠道和信貸渠道均具有一定的解釋力。利率渠道中,第一二三產(chǎn)業(yè)對于利率的敏感度差異明顯,而地區(qū)間產(chǎn)業(yè)結(jié)構(gòu)具有顯著差異進(jìn)而導(dǎo)致了區(qū)域效應(yīng)。本文使用信貸水平作為信貸渠道的代理變量,東中西部地區(qū)的信貸水平對于貨幣政策正向沖擊的響應(yīng)差異證明了信貸渠道的存在。
[Abstract]:Monetary policy plays a key role in the coordinated and orderly development of national economy, and the differences in regional economic level will lead to the difference of monetary policy in different regions. That is, the regional effect of monetary policy. In the study of monetary policy, regional effect is a topic of great concern and practical significance, especially in view of the unbalanced development of regional economic level in China. The study of regional effect and its production mechanism has a guiding effect on the formulation of monetary policy and the healthy development of regional economy. This paper attempts to study the regional effect of monetary policy in China from two aspects: existence and cause. Should be studied. In this paper, 31 provinces in China, The autonomous region and the municipalities directly under the Central Government are divided into three regions: East, West and West. By using cointegration and Granger causality test, a structural vector autoregressive model is established to solve the impulse response function. The dynamic response of regional economic representative variables to a unit impact of monetary policy is tested respectively, which proves that there is a significant regional effect in China, and the developed region has a higher degree of monetary policy response. In view of the conclusion that the western region is different from the earlier literature, this paper makes further use of the test of time-divided samples to find out that the regional effect of our country changes with time. In the period before and after the development of the western region, the regional effects of the western region showed different monetary policy sensitivities, which explained the results obtained earlier, based on the interest rate channel and the credit channel. This paper attempts to explain the causes of the regional effects of monetary policy. The results show that both the interest rate channel and the credit channel have a certain explanatory power. In the interest rate channel, the sensitivity of the 123 industry to interest rate is obviously different. In this paper, the credit level is used as the proxy variable of the credit channel. The difference in the response of credit level to the positive impact of monetary policy in the east, west and west regions proves the existence of credit channels.
【學(xué)位授予單位】：復(fù)旦大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F822.0

【參考文獻(xiàn)】

相關(guān)期刊論文 前1條

1 張晶;;我國貨幣財政政策存在區(qū)域效應(yīng)的實證分析[J];數(shù)量經(jīng)濟(jì)技術(shù)經(jīng)濟(jì)研究;2006年08期

，

本文編號：1631538