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Academic Journal of Business & Management, 2024, 6(4); doi: 10.25236/AJBM.2024.060431.

Monetary Policy Transmission Mechanism and Regional Effects: An Overview


Cheng Liu

Corresponding Author:
Cheng Liu

School of Economics, Huazhong University of Science and Technology, Wuhan, 430074, China


Due to the differences in customs, geographic conditions and economic development among regions, the heterogeneity among regions will lead to different impacts of unified monetary policy tools on different regions. In the face of the regional imbalance caused by regional differences in the implementation of monetary policy, understanding the mechanism of monetary policy transmission and in-depth study of the phenomenon of regional effects and its underlying causes have become the focus of research in the field of monetary policy. From the combing of existing literature, current research has generally proved the existence of regional effects of monetary policy, but has not formed a unified conclusion on its causes.


monetary policy, transmission mechanism, regional effects

Cite This Paper

Cheng Liu. Monetary Policy Transmission Mechanism and Regional Effects: An Overview. Academic Journal of Business & Management (2024) Vol. 6, Issue 4: 212-218. https://doi.org/10.25236/AJBM.2024.060431.


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