publication . Article . 2014

The Influence of Monetary Policy and Fiscal Policy on the Rural Residents' Consumptionâ «

Liu, Xinzhi; Li, Lu; Liu, Yusong;
Open Access
  • Published: 01 Jan 2014
Abstract
This paper conducts an empirical analysis of influence of fiscal expenditure supporting agriculture monetary supply on rural residents’s consumption by adopting a vector auto-regression model, based on the data from 1978 to 2011. The study indicated that: in the short term, fiscal policy is the Granger reason of rural residents’ consumption, monetary policy is not the Granger reason of rural residents’ consumption; in the long term, the comprehensive function of fiscal policy and monetary policy has a great influence on the of rural residents’ consumption. Under the background of Economic Transition and Urbanization, Expanding Domestic Demand is the slog...
Subjects
free text keywords: Rural residents' consumption, Fiscal policy, Monetary policy, Vector auto-regression model, Agribusiness,
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