江苏开放大学学报
江囌開放大學學報
강소개방대학학보
Journal of Jiangsu Radio & Television University
2014年
5期
86-90
,共5页
货币政策传导机制%信贷渠道%按揭贷款
貨幣政策傳導機製%信貸渠道%按揭貸款
화폐정책전도궤제%신대거도%안게대관
monetary policy transmission mechanism%credit channel%mortgage
从货币政策传导机制的信贷渠道与汇率渠道方面入手，构建我国货币政策影响房地产市场的政策因素模型，以探讨货币政策调控工具对我国房地产市场的具体影响途径与效果。实证研究表明，我国2005年之后房价的持续上升与货币供应量、个人按揭贷款额度和汇率三者有一定关系。从长期来看，我国房地产市场景气程度与货币供应量、个人按揭贷款额和汇率长期存在稳定关系且呈正向变动。
從貨幣政策傳導機製的信貸渠道與彙率渠道方麵入手，構建我國貨幣政策影響房地產市場的政策因素模型，以探討貨幣政策調控工具對我國房地產市場的具體影響途徑與效果。實證研究錶明，我國2005年之後房價的持續上升與貨幣供應量、箇人按揭貸款額度和彙率三者有一定關繫。從長期來看，我國房地產市場景氣程度與貨幣供應量、箇人按揭貸款額和彙率長期存在穩定關繫且呈正嚮變動。
종화폐정책전도궤제적신대거도여회솔거도방면입수，구건아국화폐정책영향방지산시장적정책인소모형，이탐토화폐정책조공공구대아국방지산시장적구체영향도경여효과。실증연구표명，아국2005년지후방개적지속상승여화폐공응량、개인안게대관액도화회솔삼자유일정관계。종장기래간，아국방지산시장경기정도여화폐공응량、개인안게대관액화회솔장기존재은정관계차정정향변동。
Starting with the credit channel of monetary policy transmission mechanism and exchange rate channels, this paper builds a factor model of our country monetary policy influencing the real estate market policy, to discuss the specific impact of monetary policy regulation tools on the way and effect of the real estate market in China. Empirical study shows that after 2005, the sustained growth of the house price in our country has a certain relationship with the money supply, personal mortgage loan a-mount and exchange rate. In the long run, the prosperity degree of the real estate market of our country with the money supply, personal mortgage loan amount and exchange rate has a longstanding and positive relationship.
