本文選題：貨幣政策　切入點(diǎn)：房地產(chǎn)市場(chǎng)　出處：《河北大學(xué)》2013年碩士論文

【摘要】：本文在對(duì)我國(guó)今年房地產(chǎn)市場(chǎng)的貨幣政策調(diào)控效率評(píng)價(jià)的基礎(chǔ)上，通過(guò)對(duì)不同城市數(shù)據(jù)的分析，將貨幣政策對(duì)一二線城市房地產(chǎn)市場(chǎng)調(diào)控的不同效果進(jìn)行對(duì)比。重點(diǎn)使用數(shù)據(jù)包絡(luò)分析和VAR模型實(shí)證分析法，對(duì)不同城市房地產(chǎn)市場(chǎng)的貨幣政策效率進(jìn)行對(duì)比，，并分析造成差異的原因。在實(shí)證分析的基礎(chǔ)上提煉出提高我國(guó)房地產(chǎn)市場(chǎng)調(diào)控的貨幣政策效率的政策建議。 實(shí)證證明我國(guó)房地產(chǎn)市場(chǎng)貨幣政策調(diào)控總體是有效率的，但是也存在一、二線城市的效率差異：即貨幣政策對(duì)于二線城市房地產(chǎn)市場(chǎng)的調(diào)控效率要高于一線城市。房地產(chǎn)開發(fā)投資方面，貨幣存量指標(biāo)對(duì)于一線城市的影響大于二線城市；貸款規(guī)模則在二線城市影響更大。房地產(chǎn)價(jià)格方面，一線城市房地產(chǎn)價(jià)格對(duì)于貨幣供應(yīng)量的改變更加敏感；二線城市則對(duì)于利率的改變更加敏感。 最后提出如下政策建議：第一，調(diào)整貨幣政策工具，加快利率市場(chǎng)化，穩(wěn)定貨幣供應(yīng)量，在制定與執(zhí)行貨幣政策是應(yīng)考慮到不同地區(qū)的房地產(chǎn)市場(chǎng)發(fā)展層次與特點(diǎn)，在發(fā)展程度較低的地區(qū)應(yīng)該適度增加政策傾斜，避免由于過(guò)于嚴(yán)厲的貨幣政策造成房地產(chǎn)市場(chǎng)的劇烈波動(dòng)。第二，根據(jù)不同城市的貨幣政策的房地產(chǎn)市場(chǎng)調(diào)控特點(diǎn)實(shí)行差別化的信貸政策。第三，建立各地房地產(chǎn)市場(chǎng)監(jiān)控機(jī)制，完善房地產(chǎn)市場(chǎng)調(diào)控體系。第四，在政策制定和執(zhí)行過(guò)程中針對(duì)不同地區(qū)房地產(chǎn)市場(chǎng)特點(diǎn)以及民生情況進(jìn)行考慮。
[Abstract]:Based on the evaluation of the efficiency of monetary policy regulation in China's real estate market this year, this paper analyzes the data of different cities. This paper compares the different effects of monetary policy on the regulation and control of the real estate market in the first and second tier cities. The emphasis is on the use of data envelopment analysis and empirical analysis of VAR model to compare the efficiency of monetary policy in different urban real estate markets. On the basis of empirical analysis, some policy suggestions to improve the efficiency of monetary policy in real estate market regulation in China are presented. Empirical evidence shows that monetary policy regulation in China's real estate market is generally efficient, but there is also one, The efficiency difference of the second-tier cities is that the efficiency of the monetary policy in regulating the real estate market of the second-tier cities is higher than that of the first-tier cities, and the impact of the money stock index on the first-tier cities is greater than that on the second-tier cities in the aspect of real estate development and investment. Loans are more important in second-tier cities. In terms of real estate prices, first-tier cities are more sensitive to changes in money supply and second-tier cities are more sensitive to changes in interest rates. Finally, the following policy suggestions are put forward: first, adjusting the monetary policy tools, speeding up the marketization of interest rates, stabilizing the money supply, should take into account the development levels and characteristics of the real estate market in different regions in formulating and implementing monetary policy. In less developed areas, we should appropriately increase the policy bias to avoid drastic fluctuations in the real estate market as a result of overly stringent monetary policies. Second, According to the characteristics of real estate market regulation and control in different cities, we should implement differentiated credit policies. Third, we should set up local real estate market monitoring mechanisms and perfect the real estate market regulation and control system. Fourth, In the process of policy making and implementation, considering the characteristics of real estate market and people's livelihood in different regions.
【學(xué)位授予單位】：河北大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F224;F822.0;F299.23

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本文編號(hào)：1679315