Research On The Relationship Between The Transmission Of Monetary Policy And Real Estate Price

Since the second half year of 2003, the continuous rising of the real estate prices hasbeen paid much more attention in China.This thesis researchs on the relation of Chinese monetary policy and real estate prices through empirical and theoretical analysis.First, in the introduction part, conclude the study's backgrounds and meanings ofthis article, and then briefly reviewed the relevant literature on the relation of Chinese monetary policy and real estate prices.Second, introduced the current development of the real estate market in China,present problem,and diffierent kinds of macroscopical regulation policy and their effects.Then,analyse on the impact of the two monetary policy variant:interest,supply of money on real estate price through empirical and theoretical method; simultaneously vertify the function of real estate prices impacted on comsumption and investment.Finally, In light of China's actual situation, summarized our country's Central Bank's experience lessons on the regulations of the real estate prices, and then from the Central Bank's angle, explored some policy suggestions.The final conclusions are that the interest has a obvious influence on the regulation of real estate, but the quantity of supplied money is not so efficient.The continuous growth of real estate prices cause negative wealth effect on inhabitant'consumption, stimulate more investment on fixed property.