Power‐Sharing in Monetary Policy Committees: Evidence from the United Kingdom and Sweden

Committees may make better monetary policy decisions than individuals; however, the benefits of group decision making could be lost if committee members cede power to a chairman. We develop an econometric model to describe intracommittee power‐sharing across members. Estimation of the model permits us to classify monetary policy committees into the typology developed by Blinder ( 2004 , 2007 ). We estimate our model for the United Kingdom's Bank of England (BOE) and Sweden's Riksbank. Results for the BOE suggest that the Governor has little influence over other committee members, while those for the Riksbank indicate that the Governor is highly influential.     

基于投资效能的分配决策模型在工程建设投资决策中的应用

在基于投资效能最大化的基础上,对工程建设投资分配模型的建立进行了初步的分析,为提高投资分配的决策提供了科学依据。     

基于Tobit回归的融资决策影响因素分析

运用中国上市公司1990～2009年的有关数据,采用Tobit回归模型分析了中国A股上市公司融资决策的影响因素。结果表明融资决策(资产负债率)与实际所得税率正相关;公司规模与资产负债率正相关,而资产担保价值、获利能力和成长性与资产负债率负相关,这一结果与发达国家和其他新型国家的发现相一致。     

我国农村公共服务政策回顾与评价

我国现有农村公共服务政策是在特定的经济、政治、文化和国际环境背景下形成的.新世纪以来出台的一号文件及涉农决定凸显了政府提供农村公共服务的内涵,标志着全新的执政理念和政府职责的确立,其政策效果已经和正在发生巨大作用.但要构建一个适应社会主义市场经济体制要求的农村公共服务体系还有很长一段路要走.     

Dividend decisions in the property and liability insurance industry: mutual versus stock companies

This article examines the effect of organizational forms on corporate dividend decisions by exploring the differences in dividend payout ratios between mutual and stock property–liability (P–L) insurers in the US. Our large sample evidence suggests: (1) mutual insurers tend to have a lower dividend payout ratio than stock insurers and the observed difference is about 4% points, holding other factors constant; (2) mutual insurers tend to adjust dividend payout ratios toward their long-run target levels more slowly than stock firms. These results are consistent with the capital constraints and/or greater agency costs of equity in mutual insurers.

某公司租用土地开发香蕉项目综合效益分析

A comprehensive evaluation is made in this article on the eco-benefit, social benefit, and economic benefit from banana planting of a company in three planting bases in Xinping County. Before the banana is planted, the land is classified into sloppy land, woodland and arable land We carefully study the three types of land, analyze the various effects and benefits made by banana planting on these types of land, and make a comprehensive comment.