analyzing the relation between bank deposit rates and house prices in iran

نویسندگان

حسن حیدری

دانشجوی دکتری اقتصاد دانشگاه تهران و پژوهشگر معاونت اقتصادی و برنامه ریزی وزارت بازرگانی امیر رضا سوری

دانشجوی دکتری اقتصاد دانشگاه ملی دولتی تاجیکستان و پژوهشگر مؤسسه‎ی مطالعات و پژوهش‎های بازرگانی

چکیده

we have studied the relation between bank deposit rates and house prices in iran. for that, we have run some var models, using the following variables: real deposit rates (including 1 and 5 years deposit rates), money supply (including the high powered money and the liquidity), gdp, housing services index, and number of licenses for new houses. our results show that a reduction in the deposit rates reduces its attraction and increases demand for housing as an alternative asset to stock wealth. in other word, we find that there is a negative relation between bank deposit rates and house prices. jel classification: e43, g12, r21, r31

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