Textbook Treatments of the Financial Market in the IS-LM Model

Intermediate macroeconomics textbooks introduce financial markets into the IS-LM analysis but typically as a beginning-of-period consideration. Here the financial market is introduced in an end-of-period model.     

东北地区与长三角等地区域旅游合作对比研究

文章对比分析了国内区域旅游合作研究与实践的热点地区长三角、泛珠三角、环渤海三个区域的合作过程中取得的成功经验,指出了合作过程中存在的问题。通过东北地区与上述三个区域的对比,分析了东北地区区域旅游合作的基础、优势、存在的问题,针对东北区域旅游合作的实际问题提出了相应建议。     

Inflation Expectations and Risk Premiums in an Arbitrage‐Free Model of Nominal and Real Bond Yields

Differences between yields on comparable‐maturity U.S. Treasury nominal and real debt, the so‐called breakeven inflation (BEI) rates, are widely used indicators of inflation expectations. However, better measures of inflation expectations could be obtained by subtracting inflation risk premiums (IRP) from the BEI rates. We provide such decompositions using an affine arbitrage‐free model of the term structure that captures the pricing of both nominal and real Treasury securities. Our empirical results suggest that long‐term inflation expectations have been well anchored over the past few years, and IRP, although volatile, have been close to zero on average.     

The ECFA and its expected effect on cross-strait trade and investment: a Taiwanese perspective

To come to terms with the realization of ASEAN+1, Taiwan had concluded with mainland China a special free trade agreement (FTA), the Economic Cooperation Framework Agreement (ECFA) in June 2010. This framework agreement provides an early harvest agreement of near-term tariff elimination, including detailed product schedules for goods and services from each side, with the final shape of fuller trade liberalization in goods and services taking years to negotiate and realize. The conclusion of the ECFA has been considered as a major breakthrough in cross-strait talks and economic relationships, even though it is by no means free from controversies inside Taiwan. The authors are therefore motivated by hot debates in Taiwan to reflect on the expected trade effect of the ECFA by taking into account the factor of cross-strait global production networks. In particular, we examine with a proposed model and statistical robustness, the trend of Taiwan-based firms' localization in mainland China, driven in part by constant movements in global production networks, which generates complicated and dynamic relationships between Taiwan's investment-induced trade and structural shift in Taiwan's exports to mainland China. Based on our empirical findings, we reflect on the conventional views on the trade effect of the free trade agreement. The results of our analyses tend to support a cautious view about the trade effect of the ECFA. Without denying the significance of the ECFA and deepening cross-strait economic relationships, we argue that the impact of the ECFA should be interpreted in a wider context than just the trade perspective, as the conventional wisdom and the existing evaluations suggested.     

Meanings of leisure among young consumers of a Rio de Janeiro low-income community

This study investigated the meanings attached to leisure by low-income young consumers. In order to achieve this research objective, the study was conducted in a low-income community in the city of Rio de Janeiro. We used semi-structured interviews with community leaders and observation to acquire a preliminary knowledge of the field. We then interviewed 80 young people with ages varying from 15 to 25?years old. The data were treated qualitatively and quantitatively, using cluster analysis. The results showed, as expected, that these consumers have limited resources for leisure activities, due to lack of money, time or both. However, although the subjects recognise leisure as an important part of their lives, they attribute different meanings to it. Also, their understanding of free time and leisure varies somewhat. The findings provide evidence that these consumers' view of leisure, to some extent, resembles a pre-industrial understanding of leisure, associated with time for rest and time with family and friends. The results also permitted the identification of four different clusters, based on the meanings attributed to leisure and free time, individual aspirations and demographic characteristics.     

浅析武术散打的普及与推广

本文采用文献法、观察法、调查法和逻辑分析法,探讨了武术散打在中小学校开展的情况,以及普及推广的重要意义,并提出相应的对策,旨在为这项运动的健康发展提出可参考意见。     

自由贸易区战略助推人民币区域化——基于CAFTA的实证研究

2008年全球金融危机的爆发使得以中国为代表的新兴经济体开始寻求本币国际化的进程。自由贸易区战略和人民币区域化之间有何关联?本文根据人民币的事实境外流通状况和发展趋势,选定CAFTA作为人民币区域化的辐射范围,分析人民币区域化的贸易总量和结构条件后认为:(一)人民币区域化的贸易总量条件已经具备,在贸易结构条件上则喜忧参半;(二)人民币区域化必须具备相应的贸易结算基础,否则人民币区域化将无法得到实体经济的有力支持;(三)自由贸易区内区域性贸易逆差在推动人民币区域化进程中有一定作用。最后提出运用自贸区战略的巧实力助推人民币区域化的政策建议。     

孟子民本经济观探析

孟子秉持着“民贵君轻”、“民事不可缓”的民本情怀，提出了“薄税敛”以“藏富于民”的富民经济理想。正是基于这种富民经济理想，孟子因而在施政次第上首倡“制民恒产”的土地经济政策，提出了使民“养生丧死无憾，王道之始”的养民经济观；其次，在商业经济领域，孟子又提出了“互通有无”的“自由贸易”的惠民经济观。     

扇形排孔多排同段爆破技术在我矿的应用

介绍了扇形排孔侧向自由面多排同段爆破技术在狮子山铜矿大团山矿段25A采场的实践,较成功地解决了由于矿岩破碎,部分硐室垮落严重,无法实施正常爆破次序条件下的爆破技术问题,取得了很好的爆破效果。     

经济发展的最重要前提是人的自由发展

人的发展与经济发展是相辅相成的。因此,在经济发展的过程中如何促进人的全面自由发展,如何促进实现经济发展与人的自由发展的相互协调,是理论研究工作者要攻克的首要问题。文章认为,经济发展中要保障人的全面自由发展,需要坚持人性与经济发展的可持续发展路径、建立知识共享的科学体系和进行劳动力市场制度改革。