| Summary: | 碩士 === 開南管理學院 === 財務金融系碩士班 === 94 === Taiwan is small open economy and, as such, is increasing affected by the world trends of liberation and globalization.
Consequently, the interest rate and money supply in her financial market are swayed by, in addition to domestic fiscal and monetary policy, external forces. That in turn affects the asset market, especially the price of real estate which is fixed in supply in the supply in the short run. On the other causal direction, the change of real estate price means the change of people’s wealth, effect on consumption. Furthermore, the demand for real estate is also partially determined by the expected real estate price appreciation. Thus there are complicated interactions between the macro economy variables and the real estate market.
The article begins by a view of theory and reference to account for how the macro economic variables influence on real estate price and demand of investment independently, Using the model of 「Multiple regression analysis」 to set up the equation of real estate price and the base of empirical formula. To research the relationship between macro economic variables and the real estate price in Taiwan.
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