Study On The Regional Different Effect Of Chinese Interest Rate Policy

Interest rate policy acts as one of the main means to regulate economic activities. Theoretically, it should have good regulating effect on economic activity, but in practice, The effect of the interest rate policy is greatly discount.In practice, because of the difference of difference of many factors and links in different areas, leading to different transmission speed and efficiency of the interest rate policy. Therfore, interest rate policy has obvious difference and the inside and outside regional effect.Paper use VAR and RIF models, Pearson correlation coefficient and so on.In demestic, regional effects of interest rate policy is totally different, and the eastern effect of interest rate policy is fist, centaral and northerest is reluctantly support, while the west is dragging situation, thus it weakened theoverall performance of the interest rate policy. Internationally, the effect of the interest rate policy is totally different. The effect of American interest rate policy is better than ours.How to effectively enchance Chinese interest rate policy transmission mechanism.It is essential key from internal cause of the weakening of exploring the effect of interest rate policy. From the regional industrial structure, enterprise structure and financial structure explore the reasons of regionals different effect of the interest rate policy, and studying advanced experience of foreingn country will be an important breakthrough to solve difficult problems. Combined with the rearearch results and its economic, finacial environment, put forward the path to improve mechanism, and remodel the related basic of interest rate policy, in order to improve the effect of interest rate policy level to creat farorable conditions.