An Empirical Study of Regional Effect of Monetary Policy under SVAR Model
用SVAR模型和脉冲响应函数分析中国八大区域的货币政策效应，发现区域生产力水平差异是长期影响因素，而区域金融结构对弱化效应更有实际意义。
The paper empirically analyzes the regional effects of monetary policy among China's eight regions by SVAR model and IRF.The result shows that there are obviously regional effects of monetary policy in China Of all the influencing factors,the long-term one is the difference of regional productivity level.The higher productivity level is,the stronger regional effect of monetary policy to be.Both regional industrial structure and regional financial structure are the important factor influencing regional effect of monetary policy.However,comparatively speaking,the regional financial structure has more practical significance to weaken the regional effects of monetary policy.