我国货币政策效应的区域差异研究从传导体系角度切入.docVIP

我国货币政策效应的区域差异研究——从传导体系角度切入 IA b s t r a c t K e y w o r d s : 我国货币政策效应的区域差异研究??从传导体系角度切入 A A A b b b s s s t t t r r r a a a c c c t t t T he e f f e c t of m one t a r y pol i c y ha s be e n one of t he hot s pot s i n t he f i e l ds of e c onom i c s , but m os t of t he r e s e a r c h e r s c hos e t he m a c r o- pe r s pe c t i ve a nd s t udi e d i n t he e s t a bl i s hm e nt of e c onom i c a nd f i na nc i a l a s s um pt i ons of hom oge ne i t y, a nd di dn ’ t pa y e nough a t t e nt i on on t he di f f e r e nt e f f e c t of m one t a r y pol i c y on t he r e gi ona l di f f e r e nc e sC hi na s va s t a r e a a nd unba l a nc e d de ve l opm e nt of t he na t i on de t e r m i ne s t he di f f e r e nt r e gi ona l e c onom i c de ve l opm e nt l e ve l of f i na nc i a l a nd e c onom i c s t r uc t ur e , a nd ha ve i m por t a nt r e a c t i on of t he c onduc t i on of m one t a r y pol i c y, s o t he s a m e m one t a r y pol i c y i n di f f e r e nt r e gi ons m a y ha ve di f f e r e nt e f f e c tT hi s a r t i c l e i s ba s e d on C hi na s c ur r e nt r e a l i t y t ha t ha ve bi g di f f e r e nc e s i n r e gi on a l e c onom i c a nd f oc us on t he di f f e r e nt r e gi ona l e f f e c t of m one t a r y pol i c y. F i r s t l y a na l ys i s t he va r i ous c onduc t i on c ha nne l of t he m one t a r y pol i c y by m e a ns of us i ng m ode r n m one t a r y t he or y, poi nt out t ha t t he c onduc t i on c ha nne l of C hi na s m one t a r y pol i c y s t i l l r e l y m a i n l y on c r e di t c ha nne l , a nd a dva nc e t he a r gum e nt s t ha t t he di f f e r e nt r e gi ona l e f f e c t s of C hi na ’ s m one t a r y pol i c y a r e s i gni f i c a ntS e c ondl y, f r o m t he pe r s pe c t i ve of t he c r e di t c ha nne l s ys t e m i nc l ud i ng t he e nvi r onm e nt of c onduc t i on , t he i nt e r m e d i a r y of c onduc t i on, t he c r e di t be ha vi or s of m i c r o- i nd i v i dua l i t i e s a n