本文基于宏观经济政策分析中广泛应用的新凯恩斯动态随机一般均衡模型框架(DynamicStochasticGeneralEquilibrium,DSGE),分析和探讨了我国金融宏观调控政策对天津国民经济的影响效应,同时估计了一系列天津经济运行的特征参数,这对于理解天津经济发展、宏观调控政策在天津的区域效应意义重大。分析表明,从货币政策工具对天津市宏观经济的调控效果看,在我国执行以信贷规模总量为代表的数量型工具优于以官方存贷款利率为代表的价格型工具。事实上,当前天津经济处于较快发展时期,经济结构转型、资产价格波动和一段时期内通货膨胀预期的不断增强,货币政策在这一过程中起到了十分重要的影响和作用。 Based on the Dynamic Stochastic General Equilibrium Model (DSGE), which is widely used in macroeconomic policy analysis, this paper analyzes and discusses the effect of China’s financial macro-control policies on the national economy of Tianjin and at the same time estimates a series of economic effects of Tianjin’s economy Operation of the characteristic parameters, which is of great significance for understanding the regional economic development in Tianjin, macro-control policies in Tianjin. The analysis shows that from the effect of monetary policy instruments on the macroeconomic regulation in Tianjin, the quantitative instruments represented by the total credit scale in our country are better than the price-based instruments represented by the official deposit and lending rates. In fact, at present, the economy of Tianjin is in a period of rapid development. The economic structure transformation, the fluctuation of asset prices and the expectation of inflation over a period of time are continuously increasing. Monetary policy has played a very important role in this process.