| Recently years, the fast rising of price and the over-development of investment of real estate market have attracted much attention. The central bank of China made a series of measures to control the market to come true the equilibrium of gross. This dissertation mainly studies the effects of monetary policy on real estate market through the establishment of VAR (Aector autoregression) ground on the theory of monetary policy transmission to real estate market in China. The demonstration contain two parts. One is monetary policy's impact on the price of real estate, the other is monetary policy's impact on the investment of real estate.The demonstration proves that the monetary policy can effect the estate market mildly. The effect of monetary policy is influenced by anticipation, the manner of monetary policy, the work in with other control measures and so on. For improving the effect, one side we should steer the anticipation of people, on the other hand we should develop the finance market and keep on the interest rate and exchange rate reformation. At the same time, we should improve the cooperation with other measures and the setting of market. |
PDF Full Text Request