Proceedings of the 2016 2nd International Conference on Economics, Management Engineering and Education Technology (ICEMEET 2016)

An Empirical Study on the Influence of Price scissors of M1-M2 Growth on House Prices

Authors
Shuguo Zhang, Min He
Corresponding Author
Shuguo Zhang
Available Online January 2017.
DOI
10.2991/icemeet-16.2017.5How to use a DOI?
Keywords
monetary policy; price scissors; growth rate of M1-M2; Interest Rates; Time lag
Abstract

This paper analyzes the impact of China's money supply M1-M2 growth rate and interest rate on real estate sales price with VEC Model and Impulse Response Function. The study was based on 48-quarter time series data from 1999 to 2010 in China. The results show, the growth rates of M1 and M2 have a fast and significant impact on the real estate sales prices, in the second and fourth period to achieve positive significant. And there is a time lag in the impact of interest rates on house prices.

Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2016 2nd International Conference on Economics, Management Engineering and Education Technology (ICEMEET 2016)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
January 2017
ISBN
978-94-6252-288-6
ISSN
2352-5398
DOI
10.2991/icemeet-16.2017.5How to use a DOI?
Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Shuguo Zhang
AU  - Min He
PY  - 2017/01
DA  - 2017/01
TI  - An Empirical Study on the Influence of Price scissors of M1-M2 Growth on House Prices
BT  - Proceedings of the 2016 2nd International Conference on Economics, Management Engineering and Education Technology (ICEMEET 2016)
PB  - Atlantis Press
SP  - 26
EP  - 31
SN  - 2352-5398
UR  - https://doi.org/10.2991/icemeet-16.2017.5
DO  - 10.2991/icemeet-16.2017.5
ID  - Zhang2017/01
ER  -