摘要
运用Granger因果分析方法，对2003～2007年我国银行信贷与房地产价格之间的关系进行了初步探讨，认为我国的信贷扩张为房地产价格的膨胀提供了支撑，而导致信贷过快增长的主要原因是货币供给的过快增长和低实际利率、高存贷利差。今后，为抑制房地产价格的过快增长，我国应采取一些有针对性的措施，如加大人民币升值力度，扩大利率调整幅度，缩小利差。另外，央行应关注信贷总量。
Based on the Granger causality test, the paper analyzes the relations between the real estate price and credit expansion . The conclusion that the credit expansion supporting the soaring of real estate price in China from 2003 to 2007 is confirmed. Too fast increasing in money supply and too low interest rate contribute to credit expansion. According to these problems, the author puts forward some suggestions： enlarging Renminbi appreciation range; raising interest rate and reducing the gap between saving rate and loan rate; CCP＇s paying attention to credit amount.
出处
《山西财经大学学报》
CSSCI
2008年第1期27-31,共5页
Journal of Shanxi University of Finance and Economics
基金
国家社会科学基金项目"入世后金融开放对货币政策稳定价格目标的影响与对策研究"(项目批准号:03BJY098)
教育部人文社会科学重点课题"金融制度与经济增长"(批准号:X11002)
关键词
房地产价格
信贷扩张
货币供给
利率
real estate price
credit expansion
money supply
interest rate
