메뉴 건너뛰기
Library Notice
Institutional Access
If you certify, you can access the articles for free.
Check out your institutions.
ex)Hankuk University, Nuri Motors
Log in Register Help KOR
Subject

An Analysis of the Effects of Macroeconomic Changes and Housing Policy on Housing Market Using a Macro-Econometric Model
Recommendations
Search
Questions

거시경제변동과 주택정책이 주택가격에 미치는 영향 분석 : 거시계량모형을 활용하여

논문 기본 정보

Type
Academic journal
Author
Yun, Sungjin (Korea Research Institute for Human Settlements) Kim, Kabsung (Yonsei University)
Journal
Korea Planning Association Journal of Korea Planning Association Vol.56 No.4(Wn.257) KCI Excellent Accredited Journal
Published
2021.8
Pages
137 - 152 (16page)

Usage

cover
📌
Topic
📖
Background
🔬
Method
🏆
Result
An Analysis of the Effects of Macroeconomic Changes and Housing Policy on Housing Market Using a Macro-Econometric Model
Ask AI
Recommendations
Search
Questions

Abstract· Keywords

Report Errors
The link between housing prices and macroeconomics is growing. Moreover, the effects of housing policy have induced changes within the complex economic system. These changes have created the need for a macro-econometric model to assess housing policy. Studies assessing the effects of housing policy do not reflect the economic structure. Furthermore, macro-economic studies do not often examine the housing sector. Even studies on the real estate sector focus on the impact of housing policy changes on macroeconomics rather than on the housing market itself.
This study analyzes the effects of housing policy using a macroeconomic structure. We establish a macro-econometric model consisting of 25 identities and 23 behavioral equations for four categories. In addition, we simulate eight different scenarios to analyze policy and macroeconomic effects. The analysis shows that the housing production and lending restrictions have downward effects on housing prices. Further, macroeconomic changes due to interest rate cuts, increased liquidity, and fiscal expansion have increased housing prices. However, an appropriate and timely response of housing policy to macroeconomic changes may minimize the problems arising from a sharp increase in housing prices.

Contents

Abstract
Ⅰ. 서론
Ⅱ. 문헌 고찰
Ⅲ. 거시계량모형의 구축
Ⅳ. 시뮬레이션
Ⅴ. 결론
인용문헌 References

References (23)

Add References

Recommendations

It is an article recommended by DBpia according to the article similarity. Check out the related articles!

Related Authors

Frequently Viewed Together

Recently viewed articles

Comments(0)

0

Write first comments.