中国货币政策效果区域不对称性探讨

On asymmetric regional effects of China’s monetary policy

探讨中国货币政策效果的区域差异对于研究完善货币政策传导机制具有较强的实践意义。文章通过数据的聚类分析和模型设计对中国货币政策效果的区域差异进行了实证分析,结果显示东部地区的传导效果最为显著。对此文章阐述了地区差异的形成原因,并提出了相应的治理方法。

Studies into the different regional effects of China＇s monetary policy can be of great practical value to perfecting the transmission mechanism of monetary policy. After conducting an empirical analysis pertinent to regional differences in the effects of monetary policy by means of cluster analysis and model design, the author reveals that Eastern China exhibits a striking transmission effect. Further, the paper explains how regional variations come into being and puts forward counter-measures.