취득세와 통화량이 부동산시장에 미치는 효과 연구

The Effect of the Real Estate Market on the Acquisition Tax and the Money Supply - Focused on the Comparison among Seoul, Daejeon, and Busan -

The influence of the recent real estate market and price volatility are forcing the government to announce a series of real estate policies However, controversy over their efficiency and effects is persistently being raised. This study investigates the mutual relations between tax and monetary policies and the regional markets and the effects of the policy variables on the price volatility. Using 108 month-long time series data from January 2006 to December 2014, the study aims to examine the dynamic correlations through VECM analysis to investigate the effects of the tax policies (acquisition tax and registration tax index) and the monetary policies (currency volume index) on the apartment sales index, apartment lease index, and land price index in Seoul, Daejeon, and Busan Metropolitan areas.