The Reserch In Consumption Structure Of China's Monetary Policy Effects

With the development of reform and opening up, the problem of economic structural becomes more and more obviously, the structural contradiction is the principal one in china's current economic development. the structural adjustment has become the main task of economic operation at present, consumption structure as an important component in economic structure plays a major area in consumption economic.In this paper, consumption structure will reflect the content of people's consumption, the quality and the level of consumption spending, it also reflects the situation of people's consumer demand. As the development of socialist market economy, the voice of upgrading economic structure becomes more and more louder, in this case, researching the consumption structure becomes more and more important. Researching the relationship of singer currency policy to the consumption structure, revealing the reason that why consumption structure is so difficult to upgrade between monetary policy and consumption structure,The single currency policy of the consumption structure, and investigate various effects of the consumption structure of the monetary policy factor, revealed the consumption structure is difficult to upgrade between monetary policy and the reasons for the consumer to find a reasonable structure to guide monetary policy for the promotion of national a virtuous cycle of economic and continuously meet the growing material and cultural needs of people of great significance.The next chapter obtained a list of the development of consumption and consumption structure based on the data from 1995 to 2007,.With the connection of the analysis of marginal propensity of consumption of urban residents and income changes in the structure, this paper find out one reason restricting the consumption structure upgrade is the unreasonable revenue structure. Following this, the paper analysis development of the industry at home and abroad have a supply of the consumption structure of the development of industrial relations, and analyze the reasons for upgrading the industrial structure difficult. In the empirical part, this paper sing time series data to establish model. Though the VAR analysis the relation of money supply and interest rates, in turn there is impact on consumption expenditure and the various components of the consumption structure factors. There is empirical conclusions, the money supply and interest rates on the consumption structure of the impact of the expenditure items are great differences. To food, household equipment, services, transportation communications, and other goods and services, the impact is much more obvious. As to the recreation, education and cultural services, there is a time lag, the effect is not obvious. In the end, there is policy recommendations.Analysis from unified monetary policy then combined with the money supply and interest rates on the consumption structure is the innovation of this article. The conclusion of the impact of a unified monetary policy to the consumption structure have a good reference for Upgrading of China's economic structure.