过去文献较少涉及货币供应区域异质性影响下不同城市间房价的相互影响以及房价和通货膨胀的联动机制。本研究首先拟构建了空间化的住房存量-流量模型，从理论上解释货币供应对不同城市城市房价和通货膨胀的异质性影响，不同城市间房价的溢出效应，以及房价和通货膨胀之间的联动机制。其次，本研究拟基于最新发展出的空间计量方法，实证探讨货币供应冲击对不同城市房价、通货膨胀的异质性影响，以及中国35个大城市间的房价溢出效应，以及房价和通货膨胀之间的联动机制。结果还会基于GIS软件给出直观的时空呈现，分析房价联动机制的时间-空间规律性，进一步印证之前的理论分析。最后，本研究会在理论和实证结论基础上，对考虑城市间房价和通货膨胀联动机制下的房价调控政策进行探讨，给出突破传统框架、有针对性的政策建议。

The past literature seldom discusses the city-level housing price and inflation responses to the money supply schock and the interation of housing price and inflation. Firstly, this study will construct a spatialized housing stock-flow model to theorially explain the regionally heterogenous impact of money supply to the housing price and inflation, the city-level housing price spillovers and the interaction of housing price and inflation. Secondly, this study will adopts the recently developed spatial econometrics to empirically study not only the heterogenous impact of money supply to the housing price and inflation but also the the city-level housing price spillovers and the interaction of housing price and inflation. The empirical result will also be analyzed by GIS software which can represent the spatio-temporal rule of the city-level housing price and inflation. Lastly, based on the theoretical and empirical analysis, this study will proposes policy recommendations for housing price control.