收藏切换
Impact of Monetary Policy on the Real Estate Market Based on the QVAR Model
收藏切换
Yinghua SI, Wanting WANG
Science Technology and Industry | 2025, 25(14) : 247 - 254
Less
收藏切换
Science Technology and Industry | 2025, 25(14): 247-254
• Policy & Planning •
Impact of Monetary Policy on the Real Estate Market Based on the QVAR Model
Full
Yinghua SI, Wanting WANG
Affiliations
  • School of Statistics and Data Science, Lanzhou University of Finance and Economics, Lanzhou 730020, China
Published: 2025-07-25
Outline
收藏切换

In recent years, China has begun to regulate real estate prices based on monetary policy. In order to study the impact of monetary policy on real estate prices, the QVAR model was used to explore the impact of monetary policy factors on real estate price changes by using quantile impulse response graph and variance decomposition. The monetary policy used the quantitative monetary policy, the money supply M2 and the price-based monetary policy, the interbank interest rate as the standard, and the real estate price from 2003 to 2023 as the impact variables, and the M2 growth rate and the interbank interest rate were used to make quantile impulse response function graphs and variance decomposition analysis based on the QVAR model for real estate prices. The results show that quantitative monetary policy is negatively correlated with real estate prices in the short term and positively correlated in the long term, and price-based monetary policy is negatively correlated with real estate prices, and the influence of money supply on real estate prices accounts for a larger weight.

QVAR model  /  monetary policy  /  quantile impulse response function  /  real estate prices
司颖华, 王婉婷. 基于QVAR模型研究货币政策对房地产价格的影响. 科技和产业, 2025 , 25 (14) : 247 -254 .
Yinghua SI, Wanting WANG. Impact of Monetary Policy on the Real Estate Market Based on the QVAR Model[J]. Science Technology and Industry, 2025 , 25 (14) : 247 -254 .
Year 2025 volume 25 Issue 14
1102
582
Cite this Article
BibTeX
Article Info
  • Receive Date:2024-12-19
  • Online Date:2025-09-15
  • Published:2025-07-25
Article Data
Affiliations
History
  • Received:2024-12-19
Affiliations
    School of Statistics and Data Science, Lanzhou University of Finance and Economics, Lanzhou 730020, China
References
Share
https://castjournals.cast.org.cn/joweb/kjhcy/EN/
Share to
QR

Scan QR to access full text

Cite this article
BibTeX
Citations
表12种不同金属材料的力学参数
科
Family
属数
Number of
genus
种数
Number of
species
占总种数比例
Percentage of
total species (%)
属
Genus
种数
Number of
species
占总种数比例
Percentage of total
species (%)
鹅膏菌科Amanitaceae 2 11 5.26 鹅膏菌属 Amanita 10 4.78
小菇科 Mycenaceae 2 12 5.74 丝盖伞属 Inocybe 5 2.39
多孔菌科 Polyporaceae 8 14 6.70 蜡蘑属 Laccaria 5 2.39
红菇科 Russulaceae 3 23 11.00 小皮伞属 Marasmius 6 2.87
小菇属 Mycena 11 5.26
光柄菇属 Pluteus 5 2.39
红菇属 Russula 17 8.13
栓菌属 Trametes 5 2.39
关闭全屏
  • BibTeX
  • EndNote
  • RefWorks
  • TxT