An Empirical Study on the Influence of Price scissors of M1-M2 Growth on House Prices

DOI

10.2991/icemeet-16.2017.5How to use a DOI?

Keywords

monetary policy; price scissors; growth rate of M1-M2; Interest Rates; Time lag

Abstract

This paper analyzes the impact of China's money supply M1-M2 growth rate and interest rate on real estate sales price with VEC Model and Impulse Response Function. The study was based on 48-quarter time series data from 1999 to 2010 in China. The results show, the growth rates of M1 and M2 have a fast and significant impact on the real estate sales prices, in the second and fourth period to achieve positive significant. And there is a time lag in the impact of interest rates on house prices.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Shuguo Zhang
AU  - Min He
PY  - 2017/01
DA  - 2017/01
TI  - An Empirical Study on the Influence of Price scissors of M1-M2 Growth on House Prices
BT  - Proceedings of the 2016 2nd International Conference on Economics, Management Engineering and Education Technology (ICEMEET 2016)
PB  - Atlantis Press
SP  - 26
EP  - 31
SN  - 2352-5398
UR  - https://doi.org/10.2991/icemeet-16.2017.5
DO  - 10.2991/icemeet-16.2017.5
ID  - Zhang2017/01
ER  -