An Empirical Study on the Influence of Price scissors of M1-M2 Growth on House Prices
Shuguo Zhang, Min He
Available Online January 2017.
- https://doi.org/10.2991/icemeet-16.2017.5How to use a DOI?
- monetary policy; price scissors; growth rate of M1-M2; Interest Rates; Time lag
- 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.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
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 - 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 - https://doi.org/10.2991/icemeet-16.2017.5 ID - Zhang2017/01 ER -