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近年来,面对不断增长的房价,中央政府制订了多项政策以期能抑制房价过快上涨,但是收效不佳。对此,本文将利率与财政分权同时纳入分析,建立了一般均衡模型,并选取了35个大中城市的面板数据进行实证检验,结果表明:利率对房价的调控作用只是暂时的,提高利率只能抑制当前房价,但是未来房价仍然会大幅上涨,并且财政分权情况下,利率的这种暂时抑制房价上涨的作用有所减弱,而财政分权程度越高,越是有助于房价的高企。
In recent years, the Central Government has formulated a number of policies in the face of rising house prices in an attempt to curb the excessive rise in house prices, but with ineffective results. In this regard, the paper combines the interest rate and fiscal decentralization into the analysis at the same time, establishes the general equilibrium model, and selects the panel data of 35 cities to do the empirical test. The results show that the regulation of interest rates on housing prices is only temporary, raising the interest rate Can only curb the current housing prices, but future prices will still rise sharply, and the case of fiscal decentralization, interest rates this temporary inhibition of the role of rising house prices weakened, while the higher the degree of fiscal decentralization, the more help the price High.