石家庄经济学院学报Issue(6)：24-27,4.
基于 VAR 探讨 MPI、银行贷款利率、货币供应对房价的影响
Exploring the Impact of MPI, Bank Lending Rates and M2 on House Price Bsae d on VAR
摘要
Abstract
In order to investigate the factors that affect house price , the MPI from January 2005 to December 2011 , bank lending rates , money supply monthly data are selected to analyze their effect on real estate price by using VAR model, impulse response functions and variance decomposition method .The results show that real estate price index , MPI, bank lending rates and the money supply have long-term equilibrium relationship , the real estate price fluctuation is influenced by other three factors .The impulse response function analysis indicates that money supply and bank lending rate negatively affect the commercial real estate price fluctuations , and MPI generates the positive effect.Variance decomposition results indicate that the volatility of real estate sales prices is mainlyy vaused by the fluctuations of MPI.关键词
房价/VAR/脉冲响应函数/方差分解Key words
house price/VAR/Impulse response function/variance decomposition分类
经济学引用本文复制引用
周艳慧..基于 VAR 探讨 MPI、银行贷款利率、货币供应对房价的影响[J].石家庄经济学院学报,2013,(6):24-27,4.
