The Correlation between Monetary Policy and Housing Price Change Based on a VAR Model

Table 5

Results of VAR model ecological tests.

Roots of the characteristic polynomials
Endogenous variable: LNY D(LNX2) D(LNX1)
The lag period is selected: phases 1–3
Roots	Module of plural roots
0.868466	0.8685
0.7062–0.4991i	0.8648
0.7062 + 0.4991i	0.8648
−0.0871–0.8556i	0.8600
−0.0871 + 0.8556i	0.8600
0.2108–0.3186i	0.3820
0.2108 + 0.3186i	0.3820
−0.3311	0.3311
−0.1481	0.1481

Data source: Eviews 10 software calculation.