The Study Concerning The Provincial Differences Of The Effect Of Monetary Policy In Our Country

Monetary policy is one of the important policies to adjust and control the economy for the country,policy effects are related to the level of economic development.At present,China carry out the unified monetary policy,and based on the previous study,the effect of monetary policy has been showing a regional non symmetry,if possible,It will increase the gap between regional economic developments if China implement the unified monetary policy.The state should take into account the differences of national regional development in the implementation of monetary policy,implement a differentiated monetary policy,to improve the effect of monetary policy,and to promote economic development,to shrink the gap between regions,to increase the overall strength of the China.On the basis of existing research,I carry out the further study on the effect of provincial monetary policy of China,find that the effect of monetary policy in different provinces and different regional is relatively obvious,then analyzes the causes of differences about the monetary policy effects,the non symmetry monetary policy effect maybe due to differences in internal delay difference,the distribution of financial institutions,the degree of perfection financial market,the enterprise structure,industrial structure,economic development level and the level of economic openness,the residents' behavior,finally put forward relevant measures,including the implementation of differentiated monetary policy,improving the financial institutions and financial markets,improving the regional structure of the enterprise,the adjustment of regional industrial structure,enhance regional economic development level and the degree of economic openness,and giving the appropriate suggestions to residents.Structure of the article as follows,the first chapter focuses on the background and significance of the paper about the difference of monetary policy effect in China.the second chapter introduces the development of the theory of optimum currency areas and it's significance to this article,then introduces the theory of monetary policy transmission and introduces the monetary channel,credit channel respectively.The third chapter is based on the VAR model,carry out the data unit root test,cointegration test,and then get the VAR model and impulse response diagram,and finally from the perspective of inter provincial and regional analysis of testresults.The fourth chapter makes an analysis on the difference of the effect of monetary policy in China from the aspects of financial market scale,regional enterprise structure,industrial structure,economic development level,economic openness,and the behavior of residents.the fifth chapter expounds the difference of the monetary policy effect in china.On the other hand,puts forth some measures,including the implementation of differentiated monetary policy,improving the system of financial institutions,improving the enterprise structure,adjusting the industrial structure,improving the regional economic development level and the degree of economic openness,correctly guiding people's behavior,to improve the effectiveness of monetary policy,shrink regional differences,promote the balanced development of regional economy and finance.The sixth chapter,the future prospects.Based on the analysis of the reasons for the differences about the effect of monetary policy is only part of the macro factors analysis,I expect to be able to do further study,establish model,do quantitative analysis,test the contribution of each factor to quantify the effects of monetary policy,and five more targeted strategies.