THE REGIONAL EFFECTS OF MONETARY POLICY: A SURVEY OF THE EMPIRICAL LITERATURE

This survey provides an updated review of the empirical literature on the regional effects of monetary policy in economic activity by means of undertaking a threefold perspective. First, the main methodological dimensions of this literature are examined while pinpointing those modelling or methodological traits that constitute a source of diverging estimates and thereby produce inconclusive evidence. Secondly, the estimates yielded by the literature are summarized by carrying out a cross‐study analysis of the results for each monetary union. By drawing on empirical regularities that are robust across studies, the conclusiveness of the results is assessed, while those monetary unions for which conclusive evidence is still lacking are also identified. Lastly, the sources of regional heterogeneity identified by these studies are reviewed in order to shed some light on the linkage between monetary policy and territorial heterogeneity. As a result of this threefold perspective, this survey delivers overall structured conclusions and updated policy‐relevant lessons. Moreover, various research gaps and emerging topics in the literature are also identified.     

The Feasibility of the Double‐Dividend Hypothesis in a Democratic Economy

The two dividends in the double‐dividend hypothesis are assumed to be independent. This assumption can be misleading when it comes to formulating policy. I construct a model where the pollution tax rate is voted for by heterogeneous people. In addition to the revenue‐recycling effect, the equilibrium pollution tax rate depends on two opposite forces: the tax‐cutting effect and the profit effect. The two forces show that an instrument that exploits a greater revenue‐recycling effect can cause a more severe environmental deterioration, thereby resulting in the infeasibility of the hypothesis. The introduction of the interdependence between the two dividends can also mean that non‐revenue‐raising instruments are more efficient than revenue‐raising instruments.     

制度差异、“一带一路”倡议与中国大型对外投资——基于投资边际、模式与成败的三重视角

本文基于2005—2016年中国609个企业2 440个大型对外投资微观样本，全面考察正式与非正式制度差异对企业投资边际、模式与成败的影响。研究发现：正式制度差异对投资规模化的影响不大，但显著影响投资多元化。企业为了避免正式制度差异带来的管理风险，倾向于选择全资股权结构，但企业选择绿地投资还是跨国并购并不受到正式制度差异的影响。相比之下，非正式制度差异的影响更为广泛。无论是正式制度差异还是非正式制度差异，均会显著增加企业投资的失败概率。进一步研究发现，“一带一路”倡议主要对正式制度差异存在优化互补效应。研究结论表明，夯实“一带一路”倡议，尤其大力发展与沿线国家的文化深度交流，有助于企业更快、更好地走出去。     

The impact on stock prices of deferral and elimination of internal control audit requirement for small firms

This paper examines the cumulative market reaction to the events related to deferral of internal control audit requirement under the Sarbanes-Oxley Act of 2002 and its elimination under the Dodd-Frank Act of 2010 for nonaccelerated filers (small firms). We document that small firms experienced negative cumulative abnormal returns around these events; and the differences between the cumulative abnormal returns for small firms and the two control groups (accelerated and large accelerated filers) were negative and significant at the 1% level. These results support the notion that market participants value the reliability of financial information irrespective of the firm size. Within the small firms, we find no firm characteristic significantly explains the market reaction to the events considered. That is, all small firms lost market value in reaction to the events that delayed and eliminated their internal control audit requirement.     

颠覆性技术识别与预测方法研究进展

为了把握颠覆性技术识别与预测方法研究进展，首先对颠覆性的内涵、特征和运行机制进行论述；然后，通过对已有文献进行系统梳理，将识别与预测方法分为5类，分别展开详述；最后，对各类方法进行比较分析。研究发现，已有颠覆性技术识别与预测方法仍处于发展的初期阶段，所有识别研究方法均围绕颠覆性技术的外部影响或内在特征中的某一方面展开，并未将二者有机结合起来。未来，应综合把握颠覆性技术内外部特征，构建全面、系统的识别与预测框架。     

中国柑橘主产区的区域比较优势及其影响因素研究*——基于省级面板数据的实证分析

[目的]通过研究我国柑橘主产区的区域比较优势及其影响因素,为我国柑橘产业的发展提供科学依据。[方法]利用2005—2015年全国柑橘产业的相关数据,采用综合比较优势指数模型和资源禀赋系数模型,定量测算了2005—2015年我国柑橘主产区的区域比较优势指数及资源禀赋系数,结合动静态面板数据模型实证分析了柑橘主产区区域比较优势的影响因素。[结果](1)我国柑橘各主产区比较优势明显但差异较大,柑橘产业有从东南沿海地区向中西部转移的强劲趋势;(2)我国柑橘生产的资源禀赋优势较为集中且在不断的发生变化,福建、浙江、四川及湖南4省处于下降趋势,其他主产区均有所上升;(3)资源禀赋、资本投入对柑橘区域比较优势有正向的影响,技术创新的正向影响在动态中显现,经济水平对区域比较优势有负向影响。[结论](1)我国柑橘主产区的区域比较优势受到资源禀赋、资本投入、技术创新、经济水平等因素的综合影响;(2)要根据各主产区的现状条件进一步优化柑橘产业区域布局,提高科技含量,并且要结合当地的经济发展情况以及资源禀赋条件使柑橘产业能够在主产区脱贫和乡村振兴中发挥更大作用;(3)南方沿海地区柑橘产业近年受黄农病影响严重,柑橘产业向中西部转移。     

职业延迟满足对员工过劳的影响研究——职业成长机会的调节作用

目前，员工过劳问题在我国企业发展中日益凸显，需要予以重视和解决。基于个体与组织互动角度，通过对338名企业员工的问卷调查分析职业延迟满足和职业成长机会对员工过劳的影响，并检验职业成长机会对职业延迟满足影响员工过劳的调节作用，结果表明：职业延迟满足的两个维度（工作延迟满足和职业生涯延迟满足）均对员工过劳有显著正向影响，而职业成长机会对员工过劳有显著负向影响；职业成长机会对职业延迟满足影响员工过劳具有负向调节作用，即职业成长机会越大，职业延迟满足与员工过劳的正向关系越弱。因此，企业管理者应合理引导和帮助员工做好职业生涯规划，为员工提供合适的多元化发展通道，以有效预防和缓解员工过劳。     

金砖国家新开发银行环境和社会安全保障政策的创新性分析

为改善借款方的长期整体发展效果,金砖国家新开发银行对其环境和社会安全保障政策框架进行了大胆创新,着力推进借款方"本国体系"的使用和建设。传统多边开发银行的环境和社会安全保障政策往往采取施加于所有借款方国家法律之上"一刀切"的方式,但难以取得理想的发展效果,其主要原因有:无法影响非多边开发银行资助项目;条件过于僵化,导致部分借款方转而求助于其他融资选项;给借款方造成沉重的时间和费用负担。"本国体系"有效克服了上述难题,但也存在相应挑战。为应对挑战,未来金砖国家新开发银行推进借款国"本国体系"的努力方向是:为本国体系预设一个最低标准;逐步有序而非一步到位地推进本国体系;切实加大对借款方的技术援助。     

加强师德师风建设提高以德治校能力

教育大计，教师为本；教师培养，师德师风为先。师德师风建设是高校思想政治教育的重要内容，是进一步推动廉政文化进校园工作的重中之重，是增强以德治校水平和提高以德治校能力的关键，是贯彻落实学校党风廉政建设和深入推进反腐败工作的重要举措。     

新形势下事业单位财务管理存在的问题和对策

在改革开放30年之后，中国社会主义市场经济改革进入了深水区，国际格局呈现了一超多强的格局，中国在各方面都面临着新的挑战。建设廉政性政府是出于国内政治环境的需要，也是应对国外挑战的需要。加强事业单位财务管理是建设廉政性政府的迫切需要，如果不采取相应措施事业单位就可能会滋生腐败，严重降低在职人员的工作积极性以及工作效率。