Research on Regional Effect of Monetary Policy in China
In order to analyze the regional effect of monetary policy in China,based on the CRS and VRS,this paper takes money supply and credit scale as input indicators,and sets GDP and retail price index as output index,and compares the regional effect of monetary policy in northeastern,western,eastern,and central regions in China.The results show that there exists regional effect of money policy in China,which is reflected on different efficiency of monetary policy.Also the monetary policy is ineffective systematically and there should be more improvement of impact of monetary policy in China.In eastern China regional effects of monetary policy is more effective than others.And the difference of monetary policy effect between western and eastern region is obvious.