摘要
我国在2009年底推出的经济政策导致房价和物价不断攀升,央行虽然采取紧缩措施进行应对,但物价和房价仍处高位。对我国货币供给、通货膨胀及房地产之间关系进行理论和实证分析的结果显示:货币供给增加能引起物价和房价上涨;房价上涨能引起物价上涨等。因此,为了更好地应对物价波动,货币政策需关注资产价格,同时应谨慎使用货币政策应对资产泡沫,并密切注意货币流动结构,维持货币供给流向与实体经济发展相适应。
China launched a liberal economic policy in the end of 2009, leading to rising house prices and price. To this end, the central bank adopts austerity measures to deal with, but prices and housing prices are still high. This paper analyzes the relationship with China＇s money supply, inflation and the real estate market. The results show the increase in money supply can cause prices and real estate prices rising; the real estate market prices through the wealth effect caused by price increases. In order to better respond to price fluctuations, monetary policy must focus on asset prices. Respond to asset price bubbles, monetary policy should be used with caution, and pay close attention to the flow structure of money supply, maintain the money supply flows adapted to the entities economic development.
出处
《金融理论与实践》
CSSCI
北大核心
2012年第8期13-18,共6页
Financial Theory and Practice
