dc.contributor.author | Qi, Yang | |
dc.contributor.author | Qin, Haixiao | |
dc.contributor.author | Liu, Peide | |
dc.contributor.author | Liu, Jianxu | |
dc.contributor.author | Raslanas, Saulius | |
dc.contributor.author | Banaitienė, Nerija | |
dc.date.accessioned | 2023-09-18T16:17:31Z | |
dc.date.available | 2023-09-18T16:17:31Z | |
dc.date.issued | 2022 | |
dc.identifier.issn | 2029-4913 | |
dc.identifier.other | (crossref_id)136898961 | |
dc.identifier.uri | https://etalpykla.vilniustech.lt/handle/123456789/112850 | |
dc.description.abstract | House purchasing has become an important asset allocation choice for most families in China. House price fluctuation is also one of the important factors that leads to systematic risks in the financial market, which might cause economic crises and then reduce consumption. Since China formally established the dual-pillar management framework of macroprudential policy in 2019, it has played a crucial role in maintaining the stability of house prices. This article employs the mediating effect model to comb the internal mechanism of the interaction between macroprudential policies, housing prices, and household consumption and test by the panel data of 30 provinces and cities in China from 2004 to 2019. Experience implies that macroprudential policy can not only stabilize consumption demand directly and effectively, but also affect consumption indirectly through the cross of the real estate market and the credit market. Further research has also found that macroprudential policies may fail between regions with higher GDP and high-income groups. This finding will contribute to research on the relationship between macroprudential policies and real economics. In addition, it would be helpful in making policies to increase consumption. | eng |
dc.format | PDF | |
dc.format.extent | p. 804-830 | |
dc.format.medium | tekstas / txt | |
dc.language.iso | eng | |
dc.relation.isreferencedby | Social Sciences Citation Index (Web of Science) | |
dc.relation.isreferencedby | Scopus | |
dc.relation.isreferencedby | DOAJ | |
dc.relation.isreferencedby | ICONDA | |
dc.relation.isreferencedby | ProQuest Central | |
dc.relation.isreferencedby | Gale's Academic OneFile | |
dc.source.uri | https://journals.vilniustech.lt/index.php/TEDE/article/view/16787/11157 | |
dc.title | Macroprudential policy, house price fluctuation and household consumption | |
dc.type | Straipsnis Web of Science DB / Article in Web of Science DB | |
dcterms.accessRights | This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. | |
dcterms.license | Creative Commons – Attribution – 4.0 International | |
dcterms.references | 62 | |
dc.type.pubtype | S1 - Straipsnis Web of Science DB / Web of Science DB article | |
dc.contributor.institution | Shandong University of Finance and Economics; Jinan | |
dc.contributor.institution | Vilniaus Gedimino technikos universitetas | |
dc.contributor.faculty | Statybos fakultetas / Faculty of Civil Engineering | |
dc.subject.researchfield | S 004 - Ekonomika / Economics | |
dc.subject.researchfield | S 003 - Vadyba / Management | |
dc.subject.researchfield | T 002 - Statybos inžinerija / Construction and engineering | |
dc.subject.vgtuprioritizedfields | EV02 - Aukštos pridėtinės vertės ekonomika / High Value-Added Economy | |
dc.subject.ltspecializations | L103 - Įtrauki ir kūrybinga visuomenė / Inclusive and creative society | |
dc.subject.en | macroprudential policy | |
dc.subject.en | household consumption | |
dc.subject.en | mediating effect | |
dcterms.sourcetitle | Technological and economic development of economy | |
dc.description.issue | iss. 3 | |
dc.description.volume | vol. 28 | |
dc.publisher.name | Vilnius Gediminas Technical University | |
dc.publisher.city | Vilnius | |
dc.identifier.doi | 136898961 | |
dc.identifier.doi | 000814701900005 | |
dc.identifier.doi | 10.3846/tede.2022.16787 | |
dc.identifier.elaba | 130634957 | |