【作者】 刘荣添；

【Author】 Rongtian LIU School of Management,Fuzhou University,Fuzhou,China,35002

【机构】 福州大学管理学院；

【摘要】 房地产业在我国经济发展中占有重要地位,发展极为迅速,但是其市场的成熟度相对较低。因此研究房地产波动具有重要意义。通过分析可以得知中国房地产存在明显周期波动现象,另外房地产业是资金密集型产业,其发展与货币政策密切相关,因此本文将从货币政策的角度,借助大量的统计数据,应用协整关系理论方法分析货币政策对我国房地产波动的影响,认为现行利率政策对房地产业影响相对较小,单一的信贷政策很难同时保证房地产市场的健康发展和抑制投机行为。在此基础上提出相应的政策建议。更多还原

【Abstract】 The real estate industry is growing fast and plays an important role on Chinese economic development.The market,however,is relatively not very mature.So it is very important to study the real estate.In addition,the real estate is a kind of capital-intensive industry,which is closely related with monetary policy.So the article studies on the influence of the monetary policy on Chinese real estate by the large number of statistical data and the application of co-integration relationship theory.Then it put forward that the influence of the current interest rate policy on the real estate industry is relatively small,and a single credit policy is hard to ensure the sound development of the real estate market and to reduce property speculation at the same time.This paper is based on these views to submit the corresponding policy.更多还原