汇率变化与房价波动——来自中国房地产市场的证据
发布时间：2018-11-23 10:58
【摘要】：本文通过构造MVGARCH-BEKK模型和变参数模型,实证检验了我国汇率变化与房价波动的相互关系,结果发现:在房价上涨期间,汇率对房价增速的影响远超过利率和M2对房价增速的影响,这可能间接说明了国外资本或国内准备投资国外的资本对国内房价增长产生了"助推剂"作用。
[Abstract]:By constructing MVGARCH-BEKK model and variable parameter model, this paper empirically tests the relationship between exchange rate change and house price fluctuation in China. The results show that: during the period of house price rising, The influence of exchange rate on house price growth is far greater than that of interest rate and M2, which may indirectly indicate that foreign capital or domestic capital prepared to invest abroad has a "booster" effect on domestic house price growth.
【作者单位】： 中国人民银行重庆营业管理部;
【分类号】：F832.6;F299.23
[Abstract]:By constructing MVGARCH-BEKK model and variable parameter model, this paper empirically tests the relationship between exchange rate change and house price fluctuation in China. The results show that: during the period of house price rising, The influence of exchange rate on house price growth is far greater than that of interest rate and M2, which may indirectly indicate that foreign capital or domestic capital prepared to invest abroad has a "booster" effect on domestic house price growth.
【作者单位】： 中国人民银行重庆营业管理部;
【分类号】：F832.6;F299.23
【参考文献】
相关期刊论文 前6条
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本文编号：2351347
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