货币政策传导区域化差异性研究:广西视角

Research on Differences of Regional in Monetary Policy Transmission :Guangxi Perspective

通过建立经济金融指标体系,运用聚类分析方法对广西14个地市进行区域化划分,采用VAR模型及脉冲响应函数对所划分的区域进行货币政策传导差异性验证。结论显示:各地市间经济金融发展的差异是造成货币政策传导产生差异的主要原因,而不是根据行政区域或地理位置划分;经济金融发展层次较为相似的区域对货币政策传导的影响基本相同。

This article established economic and financial index system,used cluster analysis method to regional partitioning of 14 cities in GuangXi,and used the VAR model and impulse response function to verification the differences of monetary policy conduction based on the divided area,moreover,some relevant suggestions were provided.Results show that：the mainly reason caused the difference of monetary policy the transmission was the difference of economic and financial development in different regions;and if the areas was similar on the level of economic and financial development,the transmission of monetary policy is basically the same.