A Study On Transmission Effects Of China’s Monetary Policy Through Real Estate Price

This paper focuses on real estate prices conduction effect of monetary policy. The two main mechanisms are to verify the monetary policy conduction affect real estate prices and real estate prices affect the real economy. through empirical studies Firstly, the paper analyzes the internal mechanism of asset prices in monetary policy conduction and give detail information of China’s real estate market. Then secondly the paper uses empirical VAR model, and have conclusions that real estate prices in China’s monetary policy have certainly no significant factors.Lastly, considering the more, which there are inevitable flaws of VAR model, this paper expands the use of empirical research FAVAR models, and empirical results show that real estate prices in China’s monetary policy transmission channels is unimpeded and more in line with China’s actual economic conditions. At the end of the paper, based on empirical research article also presents policy recommendations and future research directions...