【摘要】：本文使用中國(guó)2000年至2010年的季度數(shù)據(jù),利用SVAR計(jì)量模型,深入研究了貨幣政策對(duì)不同類型住宅價(jià)格的影響效果。結(jié)果顯示:第一,利率對(duì)住宅價(jià)格具有異于尋常的正向沖擊作用,提升利率并不能有效抑制房?jī)r(jià),這與政策制定者的政策預(yù)期以及公眾的經(jīng)驗(yàn)相背離;第二,貨幣供應(yīng)量對(duì)住宅價(jià)格有明顯的正向沖擊效應(yīng),過(guò)剩的流動(dòng)性是推高房?jī)r(jià)的重要原因,住宅價(jià)格調(diào)控的基本著力點(diǎn)應(yīng)當(dāng)放在貨幣量的管控上;第三,貨幣政策對(duì)不同類型的住宅價(jià)格具有不同的政策效果,差別化的房?jī)r(jià)調(diào)控勢(shì)在必行。
[Abstract]:Using the quarterly data from 2000 to 2010 in China and using the SVAR model, this paper studies the effect of monetary policy on different types of housing prices. The results show that: first, interest rates have an unusual positive impact on housing prices, raising interest rates can not effectively curb house prices, which is contrary to the policy expectations of policy makers and public experience; Second, the money supply has obvious positive impact effect on the housing price, the excess liquidity is the important reason to push up the house price, the basic focus of the housing price regulation and control should be on the control of the amount of money; Thirdly, monetary policy has different effects on different types of housing prices.
【作者單位】： 北京師范大學(xué)經(jīng)濟(jì)與工商管理學(xué)院;
【分類號(hào)】：F293.3;F822.0;F224

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相關(guān)期刊論文 前6條

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本文編號(hào)：2375442