基于资本流动视角的货币政策区域效应分析-analysis of the regional effect of monetary policy from the perspective of capital flow.docxVIP

AbstractMonetary policy refers to the Central bank to influence economic activity measures，especially the control of money supply and interest rate policies,used toachieve specific objectives.Monetary policy often aggregates form,is concerned about the country as a whole rather than a region.Cause people to pay more attention to the unity of monetary policy but neglect the monetary policy implementation differences,This difference stems from the unfied monetary policy effects on different microcosmic main body ,the main body make different reaction,The unified monetary policy effect in different industry,The different industries will make different reaction,the unified monetary policy effect in different regions,the different regions will make different reaction.From the perspective of region,unified monetary policy as a result of the area difference of our country will produce regional effect,The regional capital flows as the causes of regional effects of monetary policy to study the regional effects of monetary policy significance.This article from the interest of regional difference,the enterprise structure of regional difference,the industrial structure of regional difference,the opening degree of regional difference,the monetary capital market of regional difference,in-depth analysis of the regional effects of monetary policy and capital regional floe relationship.On this basis,based on the capital flow of the regional effect of monetary policy theory model.And using the method of measuring empirical analysis,confirm the capital flow and regional real interest rates,money suooly,the regional GDP exist a long-stable relationship and the output of area to the currency supply has different reactions. So,this article suggestion raise Midwest region industry structure, innovation of monetary policy tools to regional operation, perfect the Midwest finsncial markets and financial institutions system,accelerate the pace of the construction of regional professional poli