匯率變化與房價波動——來自中國房地產市場的證據
發(fā)布時間：2018-11-23 10:58
【摘要】：本文通過構造MVGARCH-BEKK模型和變參數模型,實證檢驗了我國匯率變化與房價波動的相互關系,結果發(fā)現(xiàn):在房價上漲期間,匯率對房價增速的影響遠超過利率和M2對房價增速的影響,這可能間接說明了國外資本或國內準備投資國外的資本對國內房價增長產生了"助推劑"作用。
[Abstract]:By constructing MVGARCH-BEKK model and variable parameter model, this paper empirically tests the relationship between exchange rate change and house price fluctuation in China. The results show that: during the period of house price rising, The influence of exchange rate on house price growth is far greater than that of interest rate and M2, which may indirectly indicate that foreign capital or domestic capital prepared to invest abroad has a "booster" effect on domestic house price growth.
【作者單位】： 中國人民銀行重慶營業(yè)管理部;
【分類號】：F832.6;F299.23
[Abstract]:By constructing MVGARCH-BEKK model and variable parameter model, this paper empirically tests the relationship between exchange rate change and house price fluctuation in China. The results show that: during the period of house price rising, The influence of exchange rate on house price growth is far greater than that of interest rate and M2, which may indirectly indicate that foreign capital or domestic capital prepared to invest abroad has a "booster" effect on domestic house price growth.
【作者單位】： 中國人民銀行重慶營業(yè)管理部;
【分類號】：F832.6;F299.23
【參考文獻】
相關期刊論文 前6條
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2 劉旺霞;;波蘭和泰國匯率制度改革經驗與啟示[J];改革與戰(zhàn)略;2011年01期
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