Simulation Analysis Of Macroeconomic Policy Transmission Mechanism And The Effect Of Policies

In the more than twenty year's process of reforming and opening , China has been in the transition from planning economy to market economy. In the process of the transition, all the macroeconomic policies play an important role in alleviating the fluctuation of economy and promoting economic growth. Thus, how to appraise the effects of these policies in detail and make a further rise in their positive effects is the focus of attention from learners and theorists. It is highly valuable both in theory and in practice to make a systematic analysis on fiscal policy and monetary policy effects. Detailed research on those parameters that decide the fiscal policy and monetary policy effects will greatly benefit the orientation of the effects, and is indispensable to macro-adjust to and regulate on the economy accordingly with a more scientific, efficient use of the two policies. Fiscal policy and monetary policy effects have been expounded by a lot of authoritative economic textbooks and have been delved by many economic issues recently. The paper elaborates on synthesizing and furthering these studies, tries to make these theories references for our country's economic performance. This paper establishes a miniature of simultaneous equation systems according to the given features of the transition period, simulates the effects of the expansionary fiscal policy and contractive monetary policy to the macroeconomy separately and discusses some policy choices to fully exert the macro adjustment effect of the fiscal and monetary policies. This paper consists of five chapters, the main contents of which are introduced as below.Chapter I is the introduction and the literature summary .This part is mainly the summary of all macroeconomic policies having been implemented in recent years and the related studies in China and abroad.Chapter II is the introduction of the simultaneous equation models and its fitting and scenarizing. According to all kinds of macroeconomic policies implemented in recent years, many domestic scholars used many econometric methods to analyze and evaluate their effects to the macroeconomy .But the scholars generally use the single-equation econometric models to estimate. Macroeconomy is a whole body, the relations of the economic variables depend on each other and are...