In this paper,vector error correction model,cointegrating test,Granger causality tests and variance decomposition are used to analyze the cointegration of the relationship between monetary policy,fiscal policy and economic growth in China empirically.The results are as follows: First,the macro-adjustment of monetary policy and fiscal policy are effective in the short term and the capability of latter is more significant than the former.Secondly,the money supply has obvious endogenesis,and to a considerable extent, it has to be adapted to the fiscal policy.Thirdly,fiscal policy possesses obvious independence,but it remains constant in the long time.