research

Housing Price shocks、Macroeconomic Volatility and Monetary Policy

Abstract

随着近二十年来全球范围的房地产繁荣与萧条周期循环,以及住房财富在家庭财富中所占比重的增长,越来越多的学者开始关注于房地产市场波动对宏观经济金融的冲击;尤其是2007年美国次贷危机之后,房价冲击对宏观经济的传导机制及其货币政策反应再次成为学者们关注的焦点。当前,全球经济正经历着艰难而曲折的复苏之路,中国也面临深刻的经济转型。在此背景下,本研究报告综合运用比较静态分析、动态最优化、门限模型、协整检验等理论与实证研究方法,揭示房价冲击向通胀、产出、家庭消费等宏观经济变量的传导机制,进而探寻不确定性条件下货币政策应对房价冲击的策略选择等问题。 首先,针对国内学者主要采用线性模型,对样本外预测方法运用...Along with the global real estate boom and bust cycles, and the increasing share of housing wealth in households wealth over the last two decades years, more and more scholars began to focus on the impact of real estate market fluctuation on the macroeconomy and financial; Especially after the US subprime crisis in 2007, conduction mechanism of the real estate price flunction to macroeconomy and i...学位:博士后院系专业:经济学院_金融学学号:201017003

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