欧元区单一货币政策的区域效应分析  

Analysis on Regional Effects of Euro-zone Single Monetary Policy

作　　者：高原[1] 

机构地区：[1]上海外国语大学语言研究院,上海200083

出　　处：《广西财经学院学报》2014年第2期53-58,85,共7页Journal of Guangxi University of Finance and Economics

基　　金：上海外国语大学第七届研究生科研基金项目"主权债务危机成因及传导机制研究"(1207009)

摘　　要：从货币政策的利率传导、信贷传导以及汇率传导渠道角度,理论分析了欧元区单一货币政策区域效应存在的可能性。然后构建向量自回归模型对欧元区11国进行实证检验,结果表明,欧元区单一货币政策在不同成员国的政策执行效果上存在较大差异,货币政策区域效应比较明显,各国吸收货币政策冲击的能力不同。进一步,本文提出应对货币政策区域效应的政策建议。This paper discusses the possibility of the regional effects of Euro-zone single monetary policy theoretically from the points of interest rate transmission channel,credit transmission channel and exchange rate transmission channel. Then it empirically analyzes the regional effects of Euro-zone monetary policy among 11 countries by VAR model. The result shows that regional monetary policy effect is obvious and there exist biggish differences in regional effects among different countries in the Euro-zone,and the countries vary in their ability dealing with the policy effect.Furthermore,this paper proposes suggestions to cope with the regional effects of monetary policy.

关 键 词：欧元区 单一货币政策 区域效应 

分 类 号：F821.6[经济管理—财政学]