Analysis Of The Effectiveness Of Monetary Policy In China

The effectiveness of monetary policy at home and abroad has always been the focus of academic research in macroeconomics and hot spots. Since the reform and opening up, China's rapid economic development, world attention. China can maintain a high growth rate of long-term, inflation is not particularly evident, monetary policy contributed. But in recent years, we obviously feel that the operation of monetary policy more difficult, the effect of monetary policy tends to be apparent, which also lead to a lot of criticism of scholars. Criticism is clearly not the best weapon! Identify problems, research and solve problems is the scholar part. This is also the author writing that purpose.Similarly, as the central bank's monetary policy, "three magic weapons", one of the statutory deposit reserve system, in recent years for its role in theoretical circles caused no small controversy. Reserve the role of monetary policy instruments as there is a gradual weakening trend in some Western developed countries or have abolished the reserve system, or other policy tools to replace the deposit reserve currency regulation and control, but in our country, which has been frequently used known as the "Lager-Ax" monetary policy tool. Therefore, the study was to investigate on China's reserve system and the policy effects of the problem, helping to raise awareness on China's monetary policy adjustments in many practical issues, will help clarify the impact of the reserve role of the effects of institutional and systemic problems, and to reserve for our country to grasp the direction of the reform of the system.Based on the above analysis, this paper studies Central Bank of China to adjust the statutory deposit reserve ratio to analyze the effectiveness of monetary policy in China a. In the predecessors of research results and practical grasp of domestic and foreign monetary policy based on the effectiveness of monetary policy based on the reality of China, using standard analytical and empirical analysis, integrating qualitative and quantitative research methods, the effectiveness of monetary policy in China issues from theory to practice, from the abstract to the concrete did a systematic analysis. Papers sought in the implementation of China's monetary policy effectiveness of empirical analysis, impact analysis on this basis, the effectiveness of China's monetary policy factors, the final proposed to increase the effectiveness of China's monetary policy recommendations.