摘要：利用动态面板数据模型考察货币政策对我国房地产市场的宏观调控效应及其区域差异；价格型货币政策和数量型货币政策均对东部地区房地产供求调控作用偏弱，对中西部地区作用较强。建议相关部门对房地产市场采取因地制宜的货币政策，供给端与需求端双向调控并重，促进房地产市场平稳健康发展。

关键词：货币政策；房地产需求；房地产供给；区域效应

Abstract：This paper investigates the macro-control effects and regional differences of monetary policy on China’s real estate market with the Dynamic Panel Data Model；price-based monetary policy and quantitative monetary policy all have weaker regulation on the real estate supply and demand in eastern region and stronger role in the central and western regions. It’s suggested that the relevant departments should take discriminatory monetary policy on both demand-side and supply-side according to the local conditions and regulate，then promote stable and healthy development of the real estate market.

Keywords：monetary policy；real estate demand；real estate supply；regional effects

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建筑经济，2014（11）：89-91