A VAR analysis of the effect of housing loan policy

被引：0
|
作者：
Hirono, KN [1 ]
机构：
[1] Nihon Univ, Grad Sch Business, Chiyoda Ku, Tokyo 1028275, Japan
来源：
PACIFIC ECONOMIC REVIEW | 2005年 / 10卷 / 04期
关键词：
D O I：
10.1111/j.1468-0106.2005.00292.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
I investigated the effect of the Government Housing Loan Corporation (GHLC) housing loan policy on housing starts in Japan, employing the VAR model for the first time in the area of Japanese housing policy. A lowering of the interest rate of GHLC home loans increased housing starts up to the point where the budget exceeded the actual amount of GHLC home loans granted. I found that the amount of GHLC home loans was effective in increasing housing starts up to the point of structural change, after which the effect was seen to lessen.
引用
收藏
页码：557 / 576
页数：20
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