房地产调控中货币政策效应试析

• 作 者: 汪利娜
• 机 构: 中国社会科学院经济研究所 北京100836
• 出 处: 中国房地产金融
• 发表日期: 2008年06期
• 关键词: 货币政策效应 货币政策紧缩 货币政策调控 房地产市场 贷款利率 准备金 经济适用房 新建商品住房 商品住宅投资 商品住宅

1对货币政策调控效应的回顾与反思2007年央行10次上调存款准备金率,6次上调贷款利率,央票发行创历史之最,货币政策紧缩力度之大历史罕见。然而从其绩效来看,房地产市场却呈现出少有的四高现象,即“高投资、高房价、高利润和高税收”。

1 Review and Reflection on the Regulation and Control of Monetary Policy In 2007, the central bank raised the deposit reserve ratio 10 times, raised the lending interest rate 6 times, created the history of the issuance of central bank bills, and made the history of the tightening of monetary policy rare. However, from its performance point of view, the real estate market has shown a rare phenomenon of “high investment, high housing prices, high profits and high taxes.”