摘要
本文利用1999年二季度至2010年一季度的数据,选取个人住房公积金贷款利率、全国房屋销售价格和全国房屋租赁价格作为分析变量,构建结构向量自回归模型,运用脉冲响应和方差分解方法,就住房公积金贷款利率对我国房价和房租的影响进行实证分析。结果显示,住房公积金政策对我国房价和房租的影响主要侧重于中长期效应,短期效应并不明显,基于此,提出政策建议。
This paper uses data from the second quarter of 1999 to the first quarter of 2010,selects the loan inter-est rate of housing fund, house sales price and house rent as the variants of analysis by exploiting the Structural Vector Autoregression （SVAR） approach. The research uses the impulse response and the variance decomposition approach to conduct an empirical analysis of the impact of housing fund loan interest rate on China’s house price and house rent. The study finds that the housing fund loan interest rate have an effect on house price and house rent mainly in the medi-um and long term. However,there is no obvious short-run influence. Based on empirical results,the research provides some policy suggestions.
出处
《金融发展研究》
2014年第9期49-54,共6页
Journal Of Financial Development Research
