摘要
本文研究房地产周期波动的成因中发现我国历史上有些房地产信贷调控助推了我国房地产周期波动,而对投资性购房实施的逆周期房地产信贷调控平缓了房地产周期波动。通过进一步计量分析房地产信贷与房地产周期的关系,得出我国房地产信贷政策与房地产周期之间的相关结论。最后提出建立逆周期房地产信贷调控机制来熨平房地产周期波动的政策建议。
In analyzing the factors affecting the market cycle of real estate,we find that some credit regulation to real estate boosts the real estate cycle fluctuations,while the counter-cyclical credit regulation to investors of real estate smoothes fluctuations in the real estate cycle.We further make an empirical analysis on the relationship of real estate credit and real estate cycle.The conclusion is that real estate credit and the real estate cycle exit correlation.To iron out fluctuations in the real estate cycle,we propose to establish the counter-cyclical real estate credit regulation mechanism.
出处
《区域金融研究》
2011年第11期6-11,共6页
Journal of Regional Financial Research
关键词
房地产
周期波动
信贷调控
Real Estate
Cycle Fluctuation
Credit Regulation
