ISSN 1008-2204
CN 11-3979/C
Wu Ruixiang. An Empirical Analysis of the Causes of Regional Difference under the National Monetary Policy: Based on the Expected Differences of Monetary Effects Model[J]. Journal of Beijing University of Aeronautics and Astronautics Social Sciences Edition, 2013, 26(1): 83-89.
Citation: Wu Ruixiang. An Empirical Analysis of the Causes of Regional Difference under the National Monetary Policy: Based on the Expected Differences of Monetary Effects Model[J]. Journal of Beijing University of Aeronautics and Astronautics Social Sciences Edition, 2013, 26(1): 83-89.

An Empirical Analysis of the Causes of Regional Difference under the National Monetary Policy: Based on the Expected Differences of Monetary Effects Model

More Information
  • Received Date: August 29, 2011
  • Published Date: January 24, 2013
  • Based on the rational expectation theory, the essay analyses the problems that the national monetary policy brings different effects to various areas under the difference of regional expectation. The monetary effect model is created to illustrate that difference of regional expectation in the national monetary policy may result in a variety of implementation effects. This mathematical model can quantitatively deal with the different effects of the national monetary policy on the price and production in the different expectation areas. And it analyses the conduction path of the different effects of monetary policy. It opens up a new way to solving the problems relevant to it.
  • [1] Scott I O. The regional impact of monetary policy[J]. The Quarterly Journal of Economics, 1955,69:269—284.
    [2] Garrison C B, John R Kort. Regional impact of monetary and fiscal policy: a comment[J]. Journal of Regional Science, 1983, 23: 249—261.
    [3] Moore C L, Karaska G J, Hill J M. The impact of the banking system on regional analyses[J]. Regional Studies,1983,19:29—351.
    [4] Bernanke Ben S, Alan S Blinder. Credit, money and aggregate demand[J]. American Economic Review, 1988,78: 435—439.
    [5] Gerald Carlino, Robert Defina. The different regional effects of monetary policy[J]. The Review of Economics and Statistics, 1998,80(4): 572—587.
    [6] 孙天琦. 货币政策: 统一性前提下部分内容的区域差别化研究[J]. 金融研究,2004(5): 1—19.
    [7] 吴少新,田娟,王鹏飞. 货币政策的区域差异研究——理性预期角度的分析[J]. 武汉金融,2006(6): 30—32.
    [8] 刘玄,王剑. 货币政策传导地区差异——实证检验及政策含义[J]. 财经研究,2006(5): 70—79.
    [9] 刘飞. 我国货币政策区域效应实证研究[J].四川大学学报:哲学社会科学版,2007(2): 33—40.
    [10] 杨晓,杨开忠. 中国货币政策影响的区域差异性研究[J].财经研究,2007(2): 4—15.
    [11] 罗默. 高级宏观经济学[M]. 王根蓓,译. 上海:上海财经大学出版社,2003: 388—433.
    [12] Robert Lucas. Monetary necitrality[J]. Journal of Political Economy, 1996, 104(4): 661—682.

Catalog

    Article views (739) PDF downloads (453) Cited by()

    /

    DownLoad:  Full-Size Img  PowerPoint
    Return
    Return