摘要
文章利用"G—R"模型和结构向量自回归模型,实证分析我国货币政策的独立性和非对称性,通过我国汇改前后的比较得出,汇改之前货币政策独立性小于汇改之后,但汇改后,为保持汇率稳定而进行的冲销操作在很大程度上削弱了我国货币政策的独立性。通过江苏、山东和四川三省的实证分析得出,货币政策效应存在明显的区域差异。
The paper analyses the independence and unsymmetry of China＇s monetary policy,employing ＂G—R＂model and SVAR model.To compare the before-reformed foreign exchange system with the post-reformed one,we find the former is less independent than the latter however,the reverse operation,to some extent,exerts negative impact on the independence of the monetary policy.Then,We find that there exists the evident regional difference in the monetary policy effect,by analysing three provinces,namely Jiangsu,Shandong and Sichuan.
出处
《华东经济管理》
CSSCI
2010年第10期66-68,73,共4页
East China Economic Management
