王晓鹰:艺术都是从理解出发的

王晓鹰,安徽合肥人,生于北京。国家一级导演、文学(艺术)博士、国家话剧院副院长、中国戏剧家协会副主席。代表作品:《死亡与少女》、《哥本哈根》、《赵氏孤儿》等。2012年4月28日,位于大洋彼岸的莎士比亚环球剧院中,一部由中国国家话剧院执导并演出的中文版《理查三世》如期上映。尽管演出道具因天气因素未能及时运达,以及演出对英国观众而言存在语言不通的障碍,但中文版的《理查三世》话剧依旧出色完成了演出     

浅谈"原生态栏目化电视短剧"的艺术特色

栏目化电视短剧作为广大电视工作者的一个新尝试,一出现就引起了业内人士的广泛关注,特别是由其演变出的原生态栏目化电视短剧更是令人刮目相看.原生态栏目化电视短剧的提出,在于它具有强大的生命力.本文就将针对这个论题,发表一家之言,与大家共同解读"原生态栏目化电视短剧".     

演出

西岸艺术节一世界经典歌曲名段赏析-《今晚和卡门有个约会》 特别推荐：这里是世界歌剧名段的百宝箱，汇集了众多“你不可不知”的经典歌剧，《赞加罗婚礼》、《茶花女》、《乡村骑士》、《绣花女》、《卡门》等经典名曲选段。此次演出指挥将特邀中央歌剧院常任指挥．国家一级指挥家高伟春担任。曾在《卡门》中饰演女一号．并且国内外多次获奖的国家一级演员刘珊也将受邀参加此次演出。     

从崇高到可笑

“红色经典”影视改编的喧闹未歇，最近，鲁迅先生的小说《阿Q正传》和《药》在鞍山市艺术剧院演出的小剧场话剧《圈》中也被找到了它们的商品化的“新”形式。《圈》剧依《阿Q正传》改编、演绎，并于其中杂糅了《药》的主要细节。     

奥帆中心大剧场再掀贺岁演出狂潮 看音乐剧版《杜拉拉升职记》做时尚白领的艺术必修课

2011年圣诞2012年元旦看什么？当然不能错过奥帆中心大剧场的精彩演出。 2011年圣诞2012年元旦期间,由著名音乐人金兆钧、音乐人三宝、小柯等共同推出的精彩的演出——音乐剧《杜拉拉升职记》将登陆奥帆中心大剧场,这也是继2009年圣诞节推出的《“燃情俄罗斯”大型欧陆风隋演出》、2010年圣诞2011年元旦期间推出的《“魔界”大型魔术秀》、     

《科技进步与对策》新一轮编委会与学术研讨会顺利召开

<正>论坛期间召开了《科技进步与对策》编委会,通过了新一届编委会建议名单,审议"2012-2013年《科技进步与对策》学术竞争力分析报告",与会编委就《科技进步与对策》下一步的发展问题积极建言献策。李京文院士总结指出,办好一个刊物需要很多因素的配合,一是要有坚强的高水平领导;二是要有坚强的高水平编辑部和编委会;三是应多渠道增加稿件来源,扩大读者队伍;四是应加强与作者、读者之     

国乐印象

正这是一台突破常规演出模式的民族音乐会,其"观-演"模式的转变,颠覆了观众对于国乐演出形式的旧有印象。7月4日,由中央民族乐团携手印象系列总导演王潮歌共同创作的民族乐剧《印象·国乐》,在广州大剧院首次与广州观众见面。这部民族乐剧是以全新、多元的"观-演"形式,改变了大众对"国乐"的一贯印象,通过一流的音乐、舞美和灯光,冲击观众的感官视听,烘托出一种不同于以往任何音乐会的特殊气场,让大家真正体会到艺术家们对国乐传承的执著与坚守。新模式型塑的国乐印象《印象·国乐》由中央民族乐团团长席强     

“禁播《水浒》”的建议有点“雷”

今年全国“两会”上，政协委员李海滨认为：应禁播《水浒》这样的电视剧，战争题材的也要有所控制。《水浒》是旧时代的名著，与我们时代不适应。     

脚踏实地 不断创新——李金林教授的学术传记

<正>李金林教授长期从事管理科学与工程学科的科研和教学工作,积极参与学术交流活动,并担任国际学术会议学术委员会主席和程序委员会委员,兼任多个学术团体的理事长、副理事长、理事等职务,同时兼任《科研管理》、《北京理工大学学报》和《管理学报》等学术期刊的编委,并多次出国进行学术访问和交流。主持承担了国家自然科学基金委、国防科工委和北京市科委等多项国家级和省部级科研项目,在学科建设、科学研究、人才培养等工作中,做出了突出贡献。     

浅谈四大名剧之《西贡小姐》

《西贡小姐》（MissSaigon）是由纽约百老汇词作曲家克劳德·米歇尔·勋伯格与词作家艾伦·鲍勃利共同创作的一部音乐剧。该剧于1989年在英国皇家歌剧院首次公演，共演出4264场。1991年在百老汇歌剧院公演，共演出4092场。至今仍风靡全球，盛演不衰，分别获得1989／1990年度的劳伦斯·奥利弗奖和1991年度的东尼奖。     

Inside Shadow Banking in China: Credit Driven Growth vs. Financial Stability

Shadow banking has been growing rapidly in China since the 2008 global financial crisis. Shadow banking has also played an increasing role in supplying credit. I investigate the development of the shadow banking sector, and assess its impacts on financial stability and economic growth in China. I argue that, due to the loose regulations and institutional characteristics of the shadow banks, these banks tend to adopt business practices that elevate institutional risks. At the systemic level, shadow banks have contributed to credit expansion and credit-driven growth. However, such growth entails significant financial risks and renders the macro-economy financially fragile. I conclude with a discussion of imminent fullblown financial crisis, calling for policy actions.     

影子价格长短期划分及其计算

影子价格对资源配置具有重要的指导意义。但是影子价格的定义方式通常与短期生产相联系,而长期生产多资源要素的变化往往被忽视。区分生产短、长期,通过方向导数来确定长期生产资源调整的影子价格。     

GROWTH IN THE SHADOWS: EFFECT OF THE SHADOW ECONOMY ON U.S. ECONOMIC GROWTH OVER MORE THAN A CENTURY

Taking a long‐term look at U.S. economic growth over 1870–2014, this paper focuses on the spillovers from the shadow or the unofficial economy to growth in the official sector. Shadow activities might spur or retard economic growth depending on their interactions with the formal sector and impacts on the provision of public goods. Nesting the analysis in a standard neoclassical growth model, we use a relatively new time series technique to estimate the short‐run dynamics and long‐run relationship between economic growth and its determinants. Results suggest that prior to World War II (WWII) the shadow economy had a negative effect on economic growth; however, post‐WWII the shadow economy was beneficial for growth. The sanding effect of the shadow economy in the earlier period is especially robust to alternate considerations of possible endogeneity and an alternate set of growth determinants. (JEL E26, O43, O51, K42)     

The Politics of Shadow Money: Security Structures,Money Creation and Unconventional Central Banking

ABSTRACT

For the first time in the history of central banks, the Federal Reserve has been pursuing monetary policies which allow shadow banks to access its reserves. The paper examines these policies in an analysis based on the concept of security structure. The aim is to facilitate a better understanding of complex institutional arrangements which convert credit claims into money or enable them to simulate the money-form. As the financial crisis reached its peak in September 2008, the Fed was not able to contain the impact precisely because the security structure existing between banks and the Fed did not extend to the shadow banking system, which had meanwhile become thebackbone of the global financial system. To address this situation, the Fed initiated new security structures that were designed to also give players in the shadow banking system access to liquidity and collateral. The concept ‘security structure’ serves as an analytical tool to explore dynamic forms of safety and liquidity generation and to distinguish between credit expansion and money creation. It also helps to differentiate between three qualitatively different stages of security: central bank money, quasi-money and shadow money. In this way, it foregrounds the politics of (shadow) money creation.     

On Estimating the Size of the Shadow Economy

As long as it is employed cautiously enough, the model approach is a useful tool to estimate simultaneously the size and the development of the shadow economy in several countries. However, a second method is necessary to calibrate the model. The currency demand approach can lead to highly implausible results; the size of the shadow economy might be largely overestimated. An alternative is the survey method. For real tests of whether a variable has an impact, procedures are necessary that do not use the same variables as those used to construct the indicator. Thus, to make progress in analysing the shadow economy, the model approach has a role to play, but it has to be complemented by other methods employing different data. The currency demand approach cannot be used as long as it employs the same variables for its constructions.     

A Crisis of the Overcrowded Future: Shadow Banking and the Political Economy of Financial Innovation

This article focuses on the role the shadow banking system played in the financial crisis of 2007–9. Engaging with emergent theories of shadow banking, I inquire into its structural role in contemporary capitalism. My main premise here is that the crisis of 2007–9 is distinct in financial history because it did not centre on any organised market. Rather, it was crisis of the overcrowded financial channels bridging the present and the future, which have become congested because of the massive concentration of financial values generated, yet not sustained, through the shadow banking network. My analysis suggests that shadow banking has determined the nature of financial crisis of 2007–9 and continues to play a necessary role in financial capitalism based on futurity. Drawing on scholarship in financial Keynesianism, contemporary legal studies and early evolutionary political economy, I argue that shadow banking is best seen as the organic institutional infrastructure of financialised capitalism based on debt and geared towards futurity, a concept originally developed by John Commons.     

The varying shadow of China's banking system

The rapid rise of shadow banking activities in China since 2009 has attracted a great deal of attention in both academia and policy circles. Most existing studies and commentary on China's shadow banking have treated it as a recent phenomenon that appeared after the Global Financial Crisis and China's response to it. In this paper, I argue that shadow banking is not a new phenomenon; it has always been a part of China's financial system since the 1980s, and arose from the need to get around various lending restrictions imposed by the central government on banks. I also emphasize that there are two types of shadow banking activities, those initiated by banks and those initiated by local governments or state-owned enterprises. I provide evidence suggesting that the shadow banking activities initiated by banks prior to 1996 helped directing credits to the more productive non-state sector and were efficiency enhancing. In recent years, however, I find that the shadow banking loans have a positive effect on real estate investments only, and their effects on investments by private firms outside the real estate sector have been negative.     

Shadow rates as a measure of the monetary policy stance: Some international evidence

This paper examines the usefulness of shadow rates to measure the monetary policy stance by comparing them to the official policy rates and those implied by three types of Taylor rules in both inflation-targeting countries (the UK, Canada, Australia and New Zealand) and others that have only targeted inflation at times (the United States, Japan, the Euro Area and Switzerland) over the period from the early 1990s to December 2021. Shadow rates estimated from a dynamic factor model are shown to suggest a much looser policy stance than either the official policy rates or those implied by the Taylor rules, and generally to provide a more accurate picture of the monetary policy stance during both ZLB and non-ZLB periods, since they reflect the full range of unconventional policy measures used by central banks. Furthermore, generalised impulse response analysis based on three alternative vector autoregression (VAR) models indicates that monetary shocks based on the shadow rates are more informative than those related to the official policy rates or to two- and three-factor shadow rates, especially during the Global Financial Crisis and the recent COVID-19 pandemic, when unconventional measures have been adopted. Finally, unconventional policy shocks seem to have less persistent effects on the economy in countries, which have adopted an inflation-targeting regime.     

Estimation of the greenhouse gas externality with uncertainty

The shadow price of carbon dioxide is the value of the external damage caused by an emission. A shadow price model for calculating the present value of the external damage of a carbon dioxide emission is derived explicitly. Sixteen experts provided subjective high, low and most likely parameter estimates because correct values for the eight model parameters are uncertain. The estimation procedure retains parameter uncertainty while generating the main result, which is a distribution of shadow price estimates. Major assumptions made in the estimation identify the basis for the results. Of the eight model parameters, the discount rate dominates the determination of the shadow price. For comparison, expert estimates of the shadow price itself provide a second distribution of shadow price estimates.     

The relationship between interest rate volatility and the shadow economy in OECD countries: An asymmetric analysis

Interest rate changes by central banks are a strong monetary policy tool that has a significant impact on the performance of the real economy via various channels. Despite extensive theoretical and empirical studies in this area, the current literature lacks a comprehensive assessment of the relationship between interest rate volatility and the shadow economy. This study explores the link between interest rate volatility and the shadow economy for 38 Organisation for Economic Co-operation and Development (OECD) member countries over the period 1991–2021 using both linear and non-linear ARDL models. The use of the non-linear ARDL specification will allow for the possibility of an asymmetric effect of interest rate volatility on the shadow economy. In addition to the examination of the potential asymmetric effects, we also discuss the ramifications for policymakers with respect to monetary and financial policies while considering each country's specific economic structure.