When implementing monetary policy, central bank often through the change in the deposit reserve ratios, the rediscount rate and the open market operations to affect the ability of credit granted loans of general financial institutions, and then change the money supply and market interest rates, making the financial liquidity and the effect of the quantity of money have multiples of expansion or contraction, and finally promote the overall economy positive impact. As the rediscount rate on the impact of the economic market is worth exploring, and the amount of money supply and market interest rates is the most direct factor of economic activity, the research of central bank's monetary policy at home and abroad are very numerous. Many domestic scholars use a variety of different events to observe the impact of monetary policy changes in the overall market. This study is intended to explore the impact of changes in the discount rate to the overall economy by the analysis of official history of the rediscount rate data and the SPSS analysis method. In this study, the Keynesian theory and the statistical methods are used to build a regression model and analyze in-depth to realize whether the rediscount rate in Taiwan has a significant influence in the process of economic activities.The empirical results show that the rediscount rate has a significant level of GDP, prices, interest rates and a high ability of explanation. The rediscount rate shows a reverse relationship to the GDP and the consumer price index and a positive relationship to the exchange rate and interest rates. The theoretical model analysis is based on the IS-LM model, AD-AS model and BP external equilibrium theory. The results show that increase of the rediscount rate will cause GDP and prices to be reduced, and cause interest rates and foreign exchange rates to be increased. They are consistent with the Taiwan empirical results shown in this study.