Analysis Of The Effectiveness Of Montary Policy

This article is about the national macroeconomic policies which is an important component-how the effectiveness of monetary policy to play. The effectiveness of monetary policy has always been a contemporary and hot issues of economists debates. After the 2008 world financial crisis happened, this issue is pushed to the cusp again, what role does it play at which the entire development process in the national economy on our prices, what impact it has in real economic development in the end? Then we need to summarize the entire developmental process and the effect of monetary policy.Since the reform and opening policy, our country is speeding up the process of marketing, increases the status of monetary policy, much attention has put into it which is now seem an important means of regulating the national economy. As the progress of China's economy opening to the more formal and open financial environment, monetary policy has to join into the international environment, to accept a greater challenge, the Asian financial crisis and the global financial crisis review how the effect of monetary policy in all aspects, in this paper we discuss the backgrounds, regulatory processes and effects of six monetary polices in macro-control after reform and opening police.This article is describe the theory of monetary policy analysis from the general and empirical analysis. Analysis of the general theory of the effectiveness of monetary policy include the situation at home and abroad; monetary policy implications, the effectiveness of monetary policy framework; the measurement of the effectiveness of monetary policy; the effectiveness of monetary policy focus of the importance and methods. The further purpose of the empirical analysis is to enhance the effectiveness of monetary policy in the scientific study of this issue, the paper structure the model, including 7 days interbank lending rate, deposit reserve, foreign exchange and other monetary policy transmission mechanism within the VAR model and the Ml, M2 and GDP, CPI of the external transmission mechanism of VAR model, and make the positive evaluation of the effects of various monetary policy tools. Finally, we put forward a sound effect of a series of measures and recommendations of monetary policy.