Impacts of China’s Monetary Policy on Development Investment of Different Uses Properties

Yue Wang () and Hong Zhang ()
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Yue Wang: Tsinghua University
Hong Zhang: Beijing University of Civil Engineering and Architecture

Chapter Chapter 20 in Proceedings of the 18th International Symposium on Advancement of Construction Management and Real Estate, 2014, pp 197-205 from Springer

Abstract: Abstract Subdivide the real estate market according to properties of different uses. Based on the VAR model, use the impulse response function and variance decomposition methods to analyze the impact of China’s monetary policy on the development investment of residences, office buildings and business buildings. The conclusions are: (1) the positive impact of money supply on the development investment of residences, office buildings and business buildings is greater than the negative impact of interest; (2) the impact duration of monetary policy on the development investment of residences is shorter than that of office buildings and business buildings; (3) the impact strength of monetary policy on the development investment of residences is greater than that of office buildings and business buildings.

Keywords: Monetary policy; Residences; Office buildings; Business buildings; Development investment (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-44916-1_20

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DOI: 10.1007/978-3-642-44916-1_20

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