Analysis And Measurement Of Interaction Between Macro Economic Policy And Real Estate Market Price

China real estate market, being the main leading power to raise national economy, has won a tremendous development. With no doubt, the real estate is being as the leading industry; nevertheless, the continuous increasingly real estate price upsets the nerve of the citizens. At the same time, surpass of the real estate never stop to bring various hot potatoes. From2010to now, the increasing speed of the real estate price has reach the historical summit. The macro economic regulatory, which drafted by the national government aimed at control and regulate the estate unfixed price, and reduce serious damage to people’s vital interests. This paper focuses on mutual relationship between macro economic regulatory and real estate price, analyses whether it’s reasonable to draw up the macro economic regulatory, deeply probes the result is or isn’t correspond to the targets.This paper sums up properties of the macro economic regulatory, named control, support, and press. Associated with data, characters and chart to decompose the result of macro economic regulatory. Because of the administrative and law of macroeconomic regulation and control policy uncertainty, unpredictability and index unable to quantify, the paper does not research on it but selecting five innate characters——interest rate, property tax, land price, CPI, GDP, which are closely related with real estate price. Applying the approaches of comparison research to analyze the relationship between the domestic and overseas macro economic regulatory and the real estate price. Finally, based on the known theory analysis, adopt VAR model to test the relationship between macro economic regulatory and real estate price. With the help of the Impulse response Graphs and Grainger Granger Causality Test, which demonstrate interest rate, GDP, and real estate price have two-way relationship, yet having the opposite impact on among them. Property taxes and land price are the causal relationship of the real estate price. To the contrary, the latter one isn’t the causal relationship of the former two, namely, one-way Grainger Granger Causal relationship. Although it has somewhat relation between CPI and real estate price, the interactive influence isn’t very long. Therefore, there isn’t any causal relationship between them; meanwhile, they even haven’t any outstanding mutual influence.At last, based on those five analyses,(1) The government ought to relax rate, letting market regulation become the dominant force;(2) The government should draw up the targeted property tax rule, Scientific employ the real estate tax policy, available accommodate the housing consumption demand and real estate income;(3) The government ought to change the existing local land financial policy and draw up the land supply plan and land policy, improve land strokes shoot system and the real estate market information disclosure system;(4) the government should put the real estate price into CPI. In order to fully precede the possible inflation by increasingly price;(5) It is necessary for government to found the perfect supply of real estate system and real estate market. Clearly define the function of the market and government, reinforce the real estate business conduct regulation, coordinated these three carriages to promote the economic development.