An Empirical Study on the Influence of Price scissors of M1-M2 Growth on House Prices

Shuguo Zhang, Min He
2017 Proceedings of the 2016 2nd International Conference on Economics, Management Engineering and Education Technology (ICEMEET 2016)   unpublished
This paper analyzes the impact of China's money supply M1-M2 growth rate and interest rate on real estate sales price with VEC Model and Impulse Response Function. The study was based on 48-quarter time series data from 1999 to 2010 in China. The results show, the growth rates of M1 and M2 have a fast and significant impact on the real estate sales prices, in the second and fourth period to achieve positive significant. And there is a time lag in the impact of interest rates on house prices.
doi:10.2991/icemeet-16.2017.5 fatcat:vpybe75qpbfwdkgjghepqi2s4m