房地产价格在宏观经济中的加速器作用研究

中国管理科学 ›› 2011, Vol. 19 ›› Issue (1): 29-35.

房地产价格在宏观经济中的加速器作用研究

武康平, 胡谍

清华大学经济管理学院北京 100084

收稿日期:2010-06-30 修回日期:2011-01-07 出版日期:2011-02-28 发布日期:2011-02-28
作者简介:武康平(1960- ),男(汉族),陕西眉县人,清华大学经管学院经济系,教授,博士生导师,研究方向:宏观经济、微观经济和经济增长.
基金资助:
教育部重大科技研究项目(708007)

The Accelerated Effect of the Real Estate Prices on Macroeconomics

WU Kang-ping, HU Die

School of Economics and Management, Tsinghua University, Beijing 100084, China

Received:2010-06-30 Revised:2011-01-07 Online:2011-02-28 Published:2011-02-28

摘要/Abstract

摘要： 根据"金融加速器"理论,房地产价格的变动会对宏观经济产生"加速器"作用。本文构建了包含金融加速器的一般均衡模型,通过模拟外生冲击下房地产价格对宏观经济的影响,并与不含房地产加速器的经济情况作对比,验证了我国的房地产价格变动对宏观经济确实存在"加速器"的作用,并具体分析了这种作用的具体表现形式。

关键词: 技术冲击, 信贷约束, 房地产价格变动, 加速器作用

Abstract: According to the financial accelerator theory, fluctuations in real estate prices will have accelerated effects on the Macroeconomy.This paper sets up a general equilibrium model with a financial accelerator mechanism, by simulating the exogenous technological impact on the real estate market, and by comparing the situation without a financial accelerator, we verifies that changes in house prices do have accelerated effects on the Macroeconomy in our country, then, we make a specific analysis of accelerated effect of real estate market on the Macroeconomy.

Key words: technology shock, credit constraint, real estate market, financial accelerator effect

中图分类号:

C931

武康平, 胡谍. 房地产价格在宏观经济中的加速器作用研究[J]. 中国管理科学, 2011, 19(1): 29-35.

WU Kang-ping, HU Die. The Accelerated Effect of the Real Estate Prices on Macroeconomics[J]. Chinese Journal of Management Science, 2011, 19(1): 29-35.