我国货币财政政策存在区域效应的实证分析

货币财政政策是现代国家干预经济的两个最重要的宏观调控政策，关于它们的研究文献数不胜数，但是长期以来一直没有对两政策实施后的区域效应给予足够的重视。本文结合目前我国东中西三大经济地带的经济发展已经存在明显差距的现实，通过两地区的简约化模型对1978-2004年间我国货币政策与财政政策在东部和中西部两个样本地区的作用进行了实证分析，结果表明，我国货币财政政策确实存在区域不对称效应，特别是货币政策，具有明显的区域影响差异。

An Empirical Analysis on the Regional Effect of Monetary Policy and Fiscal Policy in China

Monetary policy and fiscal policy are the most important instruments by which modern countries can adjust and control macro economy. Although there have been a large number of literatures about the two policies, scholars have thought little of the regional effect of the two policies all along. Now the economic growth gap of the east. middle and west region in China is increasing gradually. So we make an empirical analysis on the regional effect of monetary policy and fiscal policy between the Chinese east and middle - west from 1978 to 2004 by the Reduced-form model of two regions. The result proves that Chinese monetary policy and fiscal policy have regional asymmetric effect for sure, especially for monetary policy.