近年来,控制房地产价格快速上涨已成为政府的一项重要工作。如何在影响房地产价格的众多因素中遴选出主要影响因素,以保证房价调控政策的有效性?本文以历史数据为基础,运用广义脉冲响应等分析方法,筛选出利率和首付比例两个重要影响因素,并在此基础上得出结论,认为提高贷款利率和首付比例是政府调控房价过快上涨的首选措施。 In recent years, the rapid rise of real estate prices has become an important task of the government. How to select the main influencing factors among the many factors affecting the real estate price so as to ensure the effectiveness of the price control policy? Based on the historical data and using the generalized impulse response and other analytical methods, this paper screened two important influencing factors: the interest rate and the down payment ratio Based on this, it is concluded that increasing the lending rate and the down payment ratio is the government’s first measure to control house prices rising too fast.