The CAUSALITY STUDY OF STOCK PRICES, HOUSE PRICES , INCOME AND MONEY POLICY IN TAIWAN

• Main Authors: WU, AN-SHAING, 吳安翔
• Other Authors: Liu, Shou-Hsiang
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/4zn95c

碩士 === 銘傳大學 === 風險管理與保險學系碩士在職專班 === 106 === The main purpose of this paper is to discuss whether the correlation between the quantity of money and stock prices, house prices, and economic conditions is related to the overall economic variables. The research method will use a vector self-correlation model to test the causality of interest rates, money supply, nominal gross domestic product, Taiwan Capitalization Weighted Stock Index, and house prices. The Central Bank of Taiwan has long adopted monetary easing policies to create a low-profit environment, hoping to boost domestic economic recovery. However, this move failed to drive the willingness of companies to invest, but also caused the illusion that the domestic capital boom has pushed up prices and the stock market, making the economy look prosperous. It is an indisputable fact that the people’s overweight living costs and real wages are backwards. The central bank’s responsibilities should make people’s lives better than increasing the people’s cost of living. From the perspective of Taiwan’s share price and housing prices rising year by year, it is an indisputable fact that the people’s cost of living burden is increasing. Explore the main reasons for pushing up prices and rising share prices.