The Correlation between Monetary Policy and Housing Price Change Based on a VAR Model

Peichun Feng and Lianhui Li

Mathematical Problems in Engineering, 2022, vol. 2022, 1-8

Abstract: In early 2020, the global economy was severely hit by the COVID-19 pandemic. Governments, including China, have adopted expansionary fiscal policies to stimulate demand and quantitative easing to increase the money supply to boost the economy by lowering lending rates. This paper starts from the influence of monetary policy on housing price mechanism, tries to explore the monetary policy on interest rate and money supply, finally establishes the VAR model, empirically analyzes the effectiveness of the impact of monetary policy on housing price changes, and makes a policy suggestion to demonstrate the necessity of consideration when stimulating the economy, to avoid housing price rise too fast, which affects the people's livelihood, and to have a negative impact on social sustainable development.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://downloads.hindawi.com/journals/mpe/2022/6917593.pdf (application/pdf)
http://downloads.hindawi.com/journals/mpe/2022/6917593.xml (application/xml)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:6917593

DOI: 10.1155/2022/6917593

Access Statistics for this article

More articles in Mathematical Problems in Engineering from Hindawi
Bibliographic data for series maintained by Mohamed Abdelhakeem ().