Research Article
The Correlation between Monetary Policy and Housing Price Change Based on a VAR Model
| Variable | ADF | Critical value1% | Critical value5% | Critical value10% | Value | Conclusion |
| LNY | −4.9039 | −4.1705 | −3.5107 | −3.1855 | 0.0013 | Stationary | LNX1 | −2.8334 | −4.1657 | −3.5085 | −3.1842 | 0.1932 | Nonstationary | LNX2 | −1.6698 | −4.1809 | −3.5155 | −3.1882 | 0.7478 | Nonstationary | D (LNX1) | −7.0784 | −4.1705 | −3.5107 | −3.1855 | 0.0010 | Stationary | D (LNX2) | −2.7197 | −3.5885 | −2.9297 | −2.6030 | 0.0788 | Stationary |
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Data source: Eviews 10 software calculation.
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