Currency Oversupply, Land Fiscal Policy and House Price Volatility-Research from the Perspective of Real Options

Pengbo Yang, You Kang

Abstract: Commodity housing has both residential and investment attributes, and future price changes are uncertain, so this paper estimates the expected house price volatility based on the real option perspective, using time series data from 2001 to 2018, mainly from investment attributes to study land finance and The impact of currency overpromotion on house price fluctuations.

Keywords: Commercial housing, House price volatility, Currency oversold, Land Finance