地方政府行为异质性对货币政策区域效应影响的研究  

Research on the Influence of Local Government Behavior Heterogeneity on the Regional Effect of Monetary Policy

作　　者：蒋彬[1] 方勇华[1] JIANG Bin;FANG Yonghua

机构地区：[1]广东机电职业技术学院,广东广州510515

出　　处：《商业经济》2020年第8期178-181,共4页Business & Economy

基　　金：广州市哲学社会科学发展“十三五”规划2019年度课题:资产负债表视角下广州地方金融风险防范与管理研究(2019GZGJ177);广东机电职业技术学院创新团队项目:金融创新与供给侧结构性改革;广东机电职业技术学院2019年度科研项目:金融创新助力广州市供给侧结构性改革的路径研究。

摘　　要：基于采用向量自回归模型与广义脉冲响应函数,从地方政府行为差异的角度出发,对我国货币政策的区域效应进行实证检验,结果表明:我国货币政策存在区域效应的主要原因是各区域政府对区域经济的干涉与控制力度不同;地方政府对经济干预越多,其对货币政策的反应效果越弱。加强经济欠发达地区的市场化进程,减少政府对经济的干预程度,改善区域金融生态环境,增强区域间的金融合作,可有效消除货币政策的区域效应。Based on the vector autoregressive model and generalized impulse response function,this paper empirically tests the regional effect of monetary policy in China from the perspective of local government behavior differences.The results show that the main reason for the regional effect of monetary policy in China is that the regional governments'interference and control on regional economy are different.The more local governments intervene in the economy,the weaker their response to the monetary policy is.The regional effect of monetary policy can be effectively eliminated by strengthening the marketization process in underdeveloped areas,reducing the degree of government intervention in the economy,improving the regional financial ecological environment,and strengthening the regional financial cooperation.

关 键 词：区域经济 货币政策 区域效应 广义脉冲响应函数 

分 类 号：F493[经济管理—产业经济]