当代经济科学Issue(6)：122-126,5.
英文摘要
House Price Volatility, the Selection of Monetary Policy Instruments and the Stability of Macro-economy： Theory and Empirical Evidence
摘要
Abstract
LI Cheng, LI Ke-jun, MA Wen-tao （School of Economics and Finance, Xi＇an Jiaotong University, Xi＇an 710061, China）
Abstract： This paper applies the simulation method on the basis of Dynamic Stochastic General Equilibrium Model with house sector and the test of spillover effect based on VAR GARCH（ 1,1 ） -ABEKK Model to analyze the relationship between monetary policy and house price. The results show that when monetary policy regulates and controls house market, the central bank should focus on quantity instrument of monetary policy.关键词
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..英文摘要[J].当代经济科学,2011,(6):122-126,5.
