我国货币政策对房地产价格影响的区域非对称效应研究  

The Asymmetric Effects of Our Country's Monetary Policy on Real Estate Market

作　　者：王宏涛[1] 崔景钗 

机构地区：[1]西安邮电大学经济管理学院,西安710061

出　　处：《经济研究导刊》2017年第27期71-77,198,共8页Economic Research Guide

摘　　要：货币政策是调控我国宏观经济的重要手段,也是调控房地产市场的重要途径。首先从理论上定性分析中国货币政策对房地产价格影响的区域非对称性,然后选取中国30个省份2003—2016年数据为样本,将30个省份分为A、B、C、D四个区域,通过构建向量自回归模型进行实证分析。结果表明,A区的房地产价格对货币政策传导效应最强,对于利率和货币供应量冲击响应程度最强,C区D区次之B区最弱。且对货币政策反应的持续时间为,A、B区持续时间短,C、D区持续时间长。Monetary policy as one of the important ways to adapt the macro economy and it＇ s playing an important role in regulating the real estate market.the article will analysis the the theory of the asymmetric effects of monetary policy on real estate market, and then select 30 provinces data in 2003-2016 as samples.the 30 provinces will be divided into A, B, C, D four groups and so that building a Vector autoregressive model for empirical analysis.the result： the transmission effect of monetary policy is most strong in A area.A＇ s response to the impact of Interest rates and money supply is most strongest.C and D are second, B is third.the The effect of monetary policy can be last longer in C and D than A and B.

关 键 词：货币政策 房地产价格 区域非对称性 向量自回归模型 

分 类 号：F299.27[经济管理—国民经济]