The Research On Real Estate Industry Of China Related Monetary Policy And Tax Policy

China's real estate market opened the prelude of the development and the exploration since the third plenary session of the communist party of China convened in 1978. Development so far, the real estate industry of our country has more than 30 years'experience. Looking back over the past decades, China's real estate industry began in 1980's with the state-owned land system reform and the"housing commercialization". In 1992, our real estate market has developed prosperously since Xiaoping Deng's speech.; To 1998, the state council ordered cancel the housing material distribution system; And in 2003, our state council positioning the real estate industry as one of the pillars industries. During the thirty years, our government takes macro-control policies many times in order to guarantee it to develop smoothly. This paper spread of further research based on this premise. The paper researches the influence of monetary policy and taxation policy on the real estate market, use the model to analysis the policy's effect on the real estate market with the data. The paper also discusses the role of the efficiency of inadequate policies, and put forward the necessary policy to make our real estate market develop healthy.The preface of this paper mainly introduces the writing background, meaning of the writing and the summarized description of the domestic and foreign research situation. The second part of the article mainly describes the current monetary policy and tax policy on the real estate market. This part mainly includes three aspects: one is the development of real estate industry in our country and the operating characteristics; another one describes the status monetary policy on the real estate market through the interest rate policy and money supply situation. The third one is the status on the tax policy. The third part of the paper mainly researches the influence of the interest rate and the money supply on the real estate market, also analyze the influence of the tax policy on the supply and demand of the real estate market. And through the SVAR model to analyze the impact efficiency of the monetary and tax policy on our real estate market. This part is also the innovation of the paper. The writer combined the model with the monetary and tax policy to research both of them how to influence the price of the real estate market . Also means to proof that separate policy factors on the influence of the real estate market has its own deficiency. Thus to proof the importance of that policy between collocation. The model selects several factors as the variables such as the tax of real estate and interest rate and so on. The fourth part of the paper emphatically analyzes the achievements and deficiency of the monetary policy and tax policy which our country took to make the real estate market develop healthy. The results mainly displays in specific aim, universality and handles official business of macroeconomic regulation and control policy. And the shortages are the lagging of the policy, deviation of the government behavior and not flexible on collocation between the monetary policy and tax policy. The fifth part introduces the monetary and tax policy on real estate market of Japan and America. From that we can get some advice. The sixth part of the paper puts forward the suggestion to promote our real estate market develop healthy according to the analysis before.