CAJ | 학술논문

国内外已经有许多关于房价波动与居民消费的关系的文献，但是不同的学者却得出了截然相反的答案。本文基于广义虚拟经济视角针对居民财富禀赋对消费影响的心理效应来考察，通过是否拥有住房及是否有购买住房的意愿，将居民分为三种类型，并分别建立动态方程，考察房价变动与政府货币政策对居民消费的影响，发现不同类型的居民对房价上涨的影响是不同的。因此要研究房价变动是否能引起居民消费的变动，关键看各个类型居民的比重。同样，政府实行扩张性的货币政策并不一定能促进居民消费，不同类型居民的消费受货币政策的影响也是不同的。随着拥有住房居民的比例越大，房价上涨能引起居民消费的增加。
국내외이경유허다관우방개파동여거민소비적관계적문헌，단시불동적학자각득출료절연상반적답안。본문기우엄의허의경제시각침대거민재부품부대소비영향적심리효응래고찰，통과시부옹유주방급시부유구매주방적의원，장거민분위삼충류형，병분별건립동태방정，고찰방개변동여정부화폐정책대거민소비적영향，발현불동류형적거민대방개상창적영향시불동적。인차요연구방개변동시부능인기거민소비적변동，관건간각개류형거민적비중。동양，정부실행확장성적화폐정책병불일정능촉진거민소비，불동류형거민적소비수화폐정책적영향야시불동적。수착옹유주방거민적비례월대，방개상창능인기거민소비적증가。
The price fluctuation and the relationship between the residents' consumption has the domestic and foreign literature, but different scholars have come to the opposite answer. In this paper, from the per-spective of psychological effect of generalized virtual economy based on the wealth effect on consumption of resources, the ownership and whether there is a willingness to purchase a home, the residents will be divided into three types, and the dynamic equations are established, the influence of changes in prices and govern-ment monetary policy on consumption, found that different types of residents the different effects on housing prices. So to research whether the house price changes can cause the consumer changes, the key to see various types of residents proportion. Similarly, the government to implement expansionary monetary policy does not necessarily promote consumption, the impact of different types of residents' consumption by monetary policy is different. With the greater proportion of housing residents, housing prices can cause the increase of residents' consumption.