Evidence Research of China Differential Regional Price Effects of Monetary Policy

摘要：

Because of the regional differences of economic development, industrial structure, financial structure, the degree of openness, market-oriented extent, etc in China, monetary policy is likely to have significant asymmetric effects across different regions. In this paper, we use time-series techniques to examine whether monetary policy had symmetric effects across China four regions during the 1986 and 2007 period. The results show that the price responses of the eastern region and the northeastern region are smaller than the ones of middle region and western region. The differences of economic development can explain the region variations. Because eastern region and the northeastern region are more developed than middle region and western region, the price of eastern region and the northeastern region is more flexible than the one of middle region and western region. Variance decomposition shows that monetary factor is not the main reason of region price variation.

关键词： Monetary policy Regional Price Effects impulse response function

作者: WANG Dan

作者单位: Zhejiang Financial College,China,310018

会议类型: 国际会议

会议名称: 2010 International Conference on Technology Innovation and Industry Development(2010年技术创新与产业发展国际研讨会)

会议地点: 烟台

会议语种:英文

页码: 854-858

在线出版日期: 2010-09-17（万方平台首次上网日期，不代表论文的发表时间）