發(fā)布時間：2018-08-14 12:43

【摘要】：市場經(jīng)濟中金融市場與房地產(chǎn)市場相互影響、相互滲透,而在當前中國宏觀經(jīng)濟環(huán)境下,這種互動關系復雜而多變,更需要實證的檢驗。本文首先通過復相關分析篩選出兩市場代表性指標,隨后進行協(xié)整檢驗、誤差修正模型以及脈沖響應分析,論證兩市場間存在長期動態(tài)均衡關系,刻畫了兩市場短期互動關系以及突發(fā)沖擊的長期互動影響,并據(jù)此提出謹慎選擇房地產(chǎn)金融政策,開拓房地產(chǎn)多元化融資,保持金融和房地產(chǎn)市場穩(wěn)定發(fā)展的政策建議。
[Abstract]:In the market economy, the financial market and the real estate market interact and infiltrate each other, but in the current macroeconomic environment of China, this kind of interactive relationship is complex and changeable. In this paper, the representative indexes of two markets are screened by complex correlation analysis, then cointegration test, error correction model and impulse response analysis are carried out to prove that there is a long-term dynamic equilibrium relationship between the two markets. This paper describes the short-term interaction between the two markets and the long-term interactive impact of sudden shocks, and puts forward some policy suggestions on how to choose the real estate finance policy carefully, to develop the diversified financing of the real estate and to maintain the stable development of the financial and real estate market.
【作者單位】： 中央財經(jīng)大學;中國信達投資股份有限公司;
【分類號】：F293.3;F832.5;F224
，

本文編號：2182898