Professional thesis
Open access

Research on the Impact of Monetary Policy on Real Estate Prices

ContributorsChen, Chunhui
Number of pages34
Imprimatur date2021
Defense date2021

This thesis first discusses the theoretical basis of monetary policy's impact on real estate prices, and reviews relevant domestic and foreign literature. Secondly, the panel vector autoregressive model (PVAR) is constructed to analyze the effect of money supply and interest rate of first home loan on China's real estate prices and shock effects through empirical research, and to study the response characteristics of real estate prices to monetary policy. After that, the variance decomposition is used to identify the contribution of each factor to the fluctuation of real estate prices. Finally, it provides suggestions for the sustainable and healthy development of China's real estate, and points out further research directions.

  • Monetary Policy
  • Real Estate Price
  • Panel Vector Autoregressive Model
  • Money Supply
  • Loan Prime Rate
Citation (ISO format)
CHEN, Chunhui. Research on the Impact of Monetary Policy on Real Estate Prices. 2021.
Main files (1)
  • PID : unige:177625
  • Thesis number : 0029

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