期刊文献+

股价与房价波动对居民消费影响的动态研究 被引量:16

在线阅读 下载PDF
导出
摘要 本文通过扩展Lettau―Ludvigson模型,结合我国股票市场与房地产市场的实际情况,对股价和房价波动对居民消费影响进行了实证研究。结果表明,股市对居民消费的影响存有弱负效应,而房市对居民消费的影响存在较大的正效应。因此,必须建立健全股票市场和房地产市场,实施有效的宏观调控,以促进我国经济持续健康发展。
作者 丁攀 胡宗义
出处 《统计与决策》 CSSCI 北大核心 2008年第15期106-108,共3页 Statistics & Decision
  • 相关文献

参考文献10

  • 1Benjamin,J.,Chinloy,P.,& Donald Jud, G.. Real estate versus financial wealth in consumption[J]. Journal of Real Estate Finance and Economics,2004.
  • 2Campbell,J.Y.,& Cocco,J How do house prices affect consumption? Evidence from micro data [J]. Journal of Monetary Economics,2007.
  • 3Case,K.,Quigley,J.,& Shiller, R.J. Comparing wealth effects: the stock market versus the Housing market[J]. Advances in Macroeconomics,2005.
  • 4Cochrane,J.H. Permanent and transitory components of GDP and stock prices[J]. Quarterly Journal of Economics,1994.
  • 5Engelhardt,G. House prices and home owner saving behavior[J]. Regional Science and Urban Economics,1996.
  • 6Ludvig,A.,& Slok,T. The impact of changes in stock prices and house prices on consumption in OECD countries[J]. IMF Working Paper,2002.
  • 7Poterba,J. Stock market wealth and consumption[J]. Journal of Economic Perspectibes,2000.
  • 8N.Kundan Kishor. Does consumption respond more to housing wealth than to financial market wealth? If so, why [J]. Journal of Real Estate Finance and Economics,2007.
  • 9Case,Karl E.,J.M.Quigley, and R.J.Shiller. “Comparing Wealth Effects: The Stock Market Versus the Housing Market,” MA: National Bureau of Economic Research,2001.
  • 10Kennickell,A.B.,M.Starr-McCluer and B.Surette. Recent Changes in U.S. Family Finances: Results from the 1998 Survey of Consumer Finances[J]. Federal Reserve Bulletin,2000.

同被引文献183

二级引证文献386

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部