지대 (R ) S 0 R 0 +T R 0 E 0 D 0 0 L 1 L 0 토지서비스량 (L )
지대 (R ) E 2 R 2 E 1 R 1 R 0 E 0 D 1 D 0 0 주거용지 L 0 L 1 농업용지 O 0
주택매매가격 (V) FS V 0 V 0 0 H 0 L 0 주택스톡증가 ( H) 주택매매가격 (V) D1 SS0 SS1 SS1 SS2 SS2 D2 D0 V2 V1 V0 0 H1 H2 주택스톡 (H) H0 H1 H2
74.4 71.2 69.8 72.4 86.0 96.2 98.3 62.1 60.2 59.7 63.3 76.7 86.1 88.6 56.3 56.1 55.3 57.9 68.0 77.4 79.7
12.28 16.97 9.30 9.50 8.42 6.74 6.01 13.77 15.60 7.83 7.12 6.97 4.58 4.91
40 30 20 10 0-10 -20 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 주택가격전세값지가
0.4 2 10.1 4 14.7 6 15.6 10 22.3 16 27.6 18 14.1 20 13.0 24 33.1 32 17.1 34 22.4 38 23.5 42 10.4 42 3.8 30 18.1 50-6.5 30 4.4 26 6.3 54-3.4 20 3.4 16-3.6 46-1.6 12 3.0 4-5.6 36-0.2 8 4.5 2 0.1 30 0.7 8 5.2 2 0.7 28 3.0 12 4.1 4 0.8 28-9.2 2-14.8 18-6.3 16-1.3 8 5.2 16-6.9 2 1.8 6 14.0 6 2.7 4 3.9 12.4 0.4 0.8943 0.8198 0.9845 87 91 : 11.52 87 91 : 14.32 87 91 : 23.40 92 01 : -12.80 92 01 : 4.14 92 01 : -1.14
0.4 11 4.5 9 0.6 3 0.5 18 4.6 14 0.7 2 1.0 19 6.4 15 0.8 3 1.5 18 6.5 14 0.9 12 3.3 43 5.8 17 1.0 25 3.3 20 4.6 24 0.9 36 3.1 31 2.5 35 0.8 43 2.0 6 0.9 48 0.7 46-5.1 3-8.9 65 0.3 39-11.4 0-18.8 88-1.1 26-12.2 25-18.7 109-10.6 9-12.4 48-18.4 128-13.5 12-6.4 65-5.8 143-13.6 35 0.5 70 9.4 140-12.2 54 3.1 59 14.5 125-2.2 69 3.4 40 16.8 102 1.8 54 2.8 31 16.3 83 2.9 33 2.2 26 14.2 70 3.1 10 0.9 29 12.6 59 2.7 9 0.4 38 11.1 52 2.1 26 0.1 51 9.5 47 0.7 25 2.6 44 11.6 38 0.3 16 7.2 23 14.7 21 0.2 5 9.9 16.5 0.3 0.7404 0.9996 0.7249 96 98 : -2.18 99 01 : 2.22 96 98 : -2.42 99 01 : 11.77 96 98 : -1.56 99 01 : -1.16
40 30 20 10 0-10 -20 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 경제성장률지가통화량
금 리 소 득 등 변 화 수변 요동 지변 대동 가변 격동 공변 급동
자산가격변동 부의효과 소비증가 생산증가 토빈 q 효과 소비증가 성장신호효과 초과수요압력 대차대조표효과 생산비용증가 물가상승 기대심리자극
800000 700000 600000 500000 400000 300000 200000 100000 0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 비주식금융자산주식자산
1100000 1000000 900000 800000 700000 600000 500000 400000 300000 200000 100000 93/1 93/3 94/1 94/3 95/1 95/3 96/1 96/3 97/1 97/3 98/1 98/3 99/1 99/3 00/1 00/3 01/1 01/3 M3 신M2
0.5 0.4 0.3 0.2 0.1 0 91.1 91.4 92.3 93.2 94.1 94.4 95..3 96.2 97.1 97.4 98.3 99.2 00.1 00.4 01.3 02.2 M3 유통속도신M2 유통속도
700000 600000 500000 400000 300000 200000 100000 0 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002.6 총대출 가계대출
180 170 160 150 140 130 120 110 100 90 80 1996 1997 1998 1999 2000 2001 2002.6 아파트가격연립가격단독가격아파트전세값연립전세값단독전세값
80 70 60 50 40 30 20 10 0 95/3 96/1 96/3 97/1 97/3 98/1 98/3 99/1 99/3 00/1 00/3 01/1 01/3 16 14 12 10 8 6 4 2 0 물가전망 CSI 소비자물가
0.8 (2.1) 2.0 (3.9) 3.5 (3.9) 4.7 (5.3) 3.2 (4.0) 4.5 (5.5) 3.6 (5.3) 4.1 (5.4) 3.3 12.2 8.7 -
0.750 0.780 0.588 0.320 0.042-0.158-0.219 0.606 0.646 0.557 0.396 0.237 0.110 0.033 0.255 0.094-0.050-0.135-0.163-0.112-0.140 0.309 0.088-0.072-0.158-0.172-0.124-0.081-0.096 0.036 0.032-0.058-0.202-0.344-0.432 0.672 0.655 0.470 0.241 0.032-0.097-0.133-0.060 0.119 0.126 0.029-0.165-0.369-0.508-0.643-0.446-0.274-0.173-0.155-0.204-0.268-0.243-0.398-0.564-0.596-0.493-0.260-0.020-0.370-0.528-0.680-0.726-0.622-0.447-0.303 0.340 0.449 0.438 0.316 0.223 0.155 0.132 0.683 0.732 0.772 0.796 0.796 0.797 0.815 0.466 0.513 0.578 0.673 0.763 0.820 0.838 0.414 0.393 0.275 0.115-0.133-0.353-0.491 0.452 0.437 0.306 0.117-0.062-0.236-0.365-0.551-0.632-0.552-0.400-0.233-0.128-0.111-0.695-0.837-0.717-0.468-0.163 0.074 0.169-0.322-0.494-0.541-0.484-0.352-0.206-0.132
0.508 0.543 0.390 0.178-0.010-0.105-0.060 0.344 0.359 0.273 0.160 0.093 0.083 0.159 0.582 0.498 0.298 0.055-0.083-0.152-0.198 0.293 0.155 0.053 0.031 0.040 0.134 0.207 0.066 0.034-0.058-0.228-0.374-0.462-0.544 0.466 0.420 0.237 0.050-0.057-0.082 0.003 0.077 0.152 0.094-0.074-0.270-0.418-0.537-0.445-0.368-0.277-0.245-0.256-0.296-0.405-0.218-0.478-0.724-0.810-0.723-0.483-0.224-0.315-0.530-0.724-0.795-0.715-0.548-0.424 0.163 0.240 0.181 0.062-0.001-0.033 0.005 0.683 0.732 0.772 0.796 0.796 0.797 0.815 0.660 0.608 0.558 0.543 0.599 0.671 0.746 0.668 0.693 0.573 0.401 0.092-0.172-0.312 0.319 0.200 0.033-0.127-0.220-0.284-0.325-0.157-0.355-0.433-0.421-0.363-0.362-0.353-0.316-0.487-0.458-0.317-0.149-0.045 0.009-0.094-0.327-0.483-0.508-0.453-0.390-0.322
0.468 0.657 0.663 0.519 0.286 0.031-0.117 0.354 0.516 0.581 0.549 0.433 0.269 0.109 0.324 0.290 0.233 0.191 0.138 0.142 0.110 0.226 0.123 0.033-0.032-0.060-0.030 0.011 0.434 0.523 0.474 0.306 0.097-0.162-0.353 0.519 0.661 0.638 0.499 0.284 0.075-0.053 0.074 0.246 0.339 0.299 0.148-0.083-0.274-0.470-0.385-0.271-0.178-0.101-0.087-0.115 0.295 0.149-0.117-0.339-0.451-0.409-0.233 0.177 0.010-0.221-0.428-0.520-0.451-0.348-0.052 0.086 0.194 0.216 0.195 0.179 0.163 0.660 0.608 0.558 0.543 0.599 0.671 0.746 0.466 0.513 0.578 0.673 0.763 0.820 0.838 0.244 0.447 0.467 0.430 0.271 0.074-0.119 0.643 0.658 0.595 0.410 0.182-0.064-0.284 0.295 0.091-0.011-0.053-0.059-0.042-0.084-0.117-0.355-0.412-0.326-0.154 0.060 0.159 0.355 0.145-0.040-0.142-0.178-0.115-0.062
4.81 12.84 1.31 3.33 1.53 2.29 1.06 2.23 0.91 1.56 0.91 1.44 0.69 1.58 0.79 1.26 1.14 5.99 3.02 23.52 0.86 2.27 0.36 7.00 0.51 2.14 0.13 4.45 0.47 4.42 0.49 3.24 0.51 3.35 0.32 2.84 0.89 2.43 0.89 1.70 0.93 1.73 0.51 1.55 0.78 1.38 0.66 1.22 2.85 6.30 2.09 9.30 0.93 5.94 1.40 4.54 0.79 3.32 1.07 2.07 0.71 1.69 1.84 1.57 1.50 1.71 0.55 1.54 0.11 2.72 0.83 3.17 0.61 2.51 0.49 2.25 0.41 5.16 0.37 3.81 6.31 19.45 2.23 4.14 1.06 5.72 0.46 4.72 0.52 3.85 0.64 4.00 0.65 2.92 1.14 3.32 16.38 47.75 4.45 7.15 3.45 5.06 2.41 3.86 2.25 3.22 1.64 2.63 1.25 2.33 0.99 2.20 2.04 4.39 0.85 0.49 0.54 0.80 0.58 0.39 0.60 0.46 0.51 0.44 0.96 0.32 0.88 0.28 2.70 5.06 1.65 10.82 1.74 21.36 2.64 19.18 2.11 14.11 1.52 10.53 1.87 12.74 2.51 14.34 13.31 17.27 0.03 8.84 0.26 13.71 0.49 13.22 1.33 13.16 0.53 9.18 0.84 14.77 1.00 17.21 0.50 0.04 0.04 2.60 3.31 0.57 4.72 3.39 2.34 3.39 3.53 5.91 1.62 2.23 2.56 4.16 1.24 2.25 2.69 3.26 2.35 1.67 2.66 2.79 1.82 2.31 2.42 2.67 2.22 1.79 3.52 2.73
회사채주식 주택토지
1.94 1.19 5.34 0.79 4.57 2.47 7.99 1.12 6.88 0.89 3.02 0.67 2.03 11.09 7.41 1.76 5.09 0.66 25.12 0.91 2.50 1.07
15 10 5 0-5 -10-15 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실 80 60 40 20 0-20 -40-60 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실
40 30 20 10 0-10 -20-30 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실 60 40 20 0-20 -40-60 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실
40 30 20 10 0-10 -20 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실 30 25 20 15 10 5 0 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실
20 15 10 5 0 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실 14 12 10 8 6 4 2 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실
20 16 12 8 4 0 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실 250 200 150 100 50 0-50 -100 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실
30 20 10 0-10 -20-30 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실 30 20 10 0-10 -20-30 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실
20 10 0-10 -20 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실 30 20 10 0-10 -20 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실
20 15 10 5 0-5 -10-15 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실 15 10 5 0-5 -10-15 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실
20 10 0-10 -20 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실 80 60 40 20 0-20 -40 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실
25 20 15 10 5 0-5 -10 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실 10 8 6 4 2 0-2 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실
15 10 5 0-5 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실 15 10 5 0-5 -10 91 92 93 94 95 96 97 98 99 00 01 02 실실실 예실실
251,795 323,411 404,661 455,631 471,322 480,640 492,861 144,767 171,114 201,859 199,773 212,579 223,737 231,009 55,522 79,126 108,945 157,611 175,216 193,191 210,157 57.5 52.9 49.9 43.8 45.1 46.5 46.8
3,100 6,621 1,903 4,718 152.2 1,532 2,046 888 1,158 75.6 2,705 4,516 1,512 3,004 111.1 4,566 12,325 3,055 9,270 203.0 2,751 4,642 1,223 3,419 124.3 3,440 8,539 2,563 5,967 173.7
콜금리 1% 포인트인상시파급효과 0-0.1-0.2-0.3-0.4-0.5-0.6-0.7-0.8-0.9 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 GDP
콜금리 1% 포인트인상시파급효과 0-0.2-0.4-0.6-0.8-1 -1.2-1.4-1.6-1.8-2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 전세가격 ( 아파트 ) 주택가격 ( 아파트 ) 지가
주택가격 17% 포인트상승시파급효과 1.0 0.8 0.6 0.4 0.2 0.0-0.2-0.4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 GDP
주택가격 17% 포인트상승시파급효과 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0.0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 소비자물가
6.19 5.95 3.98 4.02 4.01 4.02 8.58 8.41 6.91 6.72 6.71 6.77 10.08 9.48 7.26 7.17 7.08 7.28 - - 6.15 6.73 6.70 6.78
8,423 15,528 18,193 20,307 25,310 25,571 25,539 5,692 12,558 12,868 18,089 17,798 18,043 17,241 1,697 1,006 867 754 579 877 2,873 3,059 2,925 3,421 663 6,151 6,337 5,312