摘要
研究作为我国调控房地产价格基本工具的货币政策,对破解房地产价格传导机制具有重要的理论和实践意义。在分析货币政策传导途径的基础上,以利率和货币供应量表示货币政策,以房地产价格作为传导中介,按照两阶段传导机制和效应分析模型,阐明了货币政策对国民经济消费、投资、进出口的传导机制和效应。
The research of the monetary policy serving as the basic tool regulating the real estate prices has important theo- retical and practical significance in breaking the transformation mechanism of real estate prices. Based on analyzing the transmis- sion mechanism of monetary policy, the paper takes interest rates and money supply to illustrate monetary policy; by taking real estate prices as the transmission media, clarifies the transmission mechanism and effects of monetary policy on consumption, investment, import and export according to a two-level transmission effect analysis model.
出处
《价格月刊》
北大核心
2014年第7期15-18,共4页
关键词
货币政策
房地产价格
利率
货币供应量
monetary policy real estate prices, interest rates money supply
