Monetary Supply, Stock Market and Housing Market in China

被引：0
|
作者：
Sun Guomao [1 ]
Chen Guowen [2 ]
机构：
[1] Univ Jinan, Jinan, Shandong, Peoples R China
[2] Univ Kentucky, Lexington, KY 40506 USA
来源：
PROCEEDINGS OF THE 23RD INTERNATIONAL BUSINESS ANNUAL CONFERENCE (2016), BKS ONE AND TWO | 2016年
关键词：
M2; Housing price; Stock index; SVAR; POLICY; PRICES; MONEY;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The stock market volatized drastically while the housing market kept rising under the expansionary monetary policy over the last decade in China. Results of SVAR found that expansionary monetary supply promoted the housing prices but not the stock prices, and stock index rise had positive shocks on housing prices. The housing prices responses of the largest four cities to both the monetary supply and stock index impulses are positive.
引用
收藏
页码：936 / 949
页数：14
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