【摘要】 中国自1998年开始实施住宅商品化改革以来,对房地产市场的规范和调整逐步开展和深化,这就决定了房地产市场的财富效应随着市场的不断调整可能呈现阶段性的动态变化。本文利用分布滞后模型和时变参数模型深化中国房地产市场财富效应的研究,分析不同地区房地产市场财富效应的动态变化,找出了影响不同地区财富效应波动的主要因素。更多还原

【Abstract】 Since China started the reform of housing commercialization in 1998,the regulation and adjustment of the real estate market gradually developed and deepened,which determines the wealth effect of the real estate market may display dynamic changes as the market adjusts in different stages.This article uses distributed lag model and the time - varying parameter model to deepen our understanding about the real estate market wealth effect and analyze the main reasons that affect the dynamic fluctuations of wealth effect in different regions.Finally,this article suggests taking different and efficient measures for different regions so as to stimulate the consuming demand and simultaneously control the excessive growth of housing prices that may cause pricing bubbles.更多还原