PRICE STABILITY AND THE ECB'S MONETARY POLICY STRATEGY*

Abstract.  This paper focuses on the price stability objective within the framework of the single monetary policy strategy. It starts by reviewing what this objective, which is common to all central banks, means. Second, this paper focuses exclusively on the anchoring of short- to medium-term inflation expectations (Part 2). Several measures show that this anchoring is effective. A 'two-pillar' small structural macro-economic model framework is used to analyze the impact that this anchoring of expectations has on the determination of the short- to medium-term inflation rate. From this point of view, observed inflation in the euro area seems to be in line with the theory and the ECB's action seems to be very effective. Third, we focus on the other aspect of monetary stability: the degree of price-level uncertainty and the anchoring of inflation expectations in the medium to long term. Even though this assessment is more difficult than it is in the short to medium term, since we only have a track record covering 6 years, various indicators from the theoretical analysis paint a fairly reassuring picture of the effectiveness of the device used by the ECB.     

LABORATORY EXPERIMENTS FOR ECONOMIC POLICY MAKING

Abstract In this paper, we assess the scope and the specific contribution of laboratory experiments for economic policy making. We review experiments which have addressed a specific problem, institution, mechanism design or tool relevant in economic policy. We have two research questions. What type of policy questions can be addressed in the laboratory? And what is the specific value added of economic experiments for policy making. The survey contains experiments on competition policy, auctions, regulated markets, and emission permits.     

SUSTAINABLE URBANIZATION: NEEDED POLICY CHANGES FOR INDIA

This paper is concerned with two questions: what is it that is unsustainable about the process of urbanization and growth of cities in developing countries?; and why do countries persist with strategies that are evidently unsustainable? Making use of data from India, which today has the second largest urban population in the world, and taking note of increasing global concern for sustainable urbanization, this paper points out that the developing countries have to move beyond a general acceptance of the concept to see it being put into practice.     

苦练内功 突出重围——访广州市新发实业有限公司新都地产项目部总经理李洪森

8月2日,首届＂东广州白领减压节＂于新都盛世名门落下帷幕,这个持续一个月、辐射整个东广州的大型社会文娱活动由广州市新发实业有限公司主办。同一天,新都盛世名门三期＂世泽轩＂正式对外接受VIP登记,均价4800元/m^2,并且所有参加VIP登记的客户均可事受95折置业优惠及物业大礼包,吸引了不少客户前往参观、登记。当天,身为广州市新发实业有限公司新都地产开发项目部总经理的李洪森一直坚守在现场,望着如潮的人气.会心一笑。对于这个项目,他倾注了太多的心血。以至一说到这个项目,不仅是两眼放光,连鼻头都放光。     

LOW-INCOME HOUSING IN INDIAN CITIES: SOME CONSIDERATIONS FOR POLICY

Across cities in India, migrant groups, squatters and the urban poor residing in slums have played a crucial role in developing low-income housing. This form of housing is closely connected to the economic activity of the poor, which in turn contributes to the wider urban economy. It also enables the poor to consolidate their position in the city and make claims on the city administration for infrastructure. However, such housing has been bracketed as 'informal' and lacks legitimacy. Policies concerning low-income housing must address this issue while enabling the poor to further their economic and entrepreneurial initiatives.     

INTERNATIONAL TRADE AND GLOBAL STABILITY1

Trade liberalisation has played a critical role in advancing peace and prosperity. Differences on agriculture have been the major impediment to a future multilateral trade round. The recent agreement on agriculture at the WTO meetings in Geneva may signal a breakthrough in that sector. This article analyses the benefits of recent trade agreements and examines the prospects for future ones. It also presents an alternative framework for advancing trade, the Global Free Trade Association.     

中国人民大学土地政策与制度研究中心

中国人民大学土地政策与制度研究中心经中国人民大学批准成立,是一个常设、开放、非赢利的研究机构,凝聚了中国人民大学公共管理、土地管理、工商管理、法学、经济学、金融学和国内外其他著名大学相关专业领域、政府相关管理部门和地产界中一批满怀社会责任感并愿意为我国土地管理事业、城市经济和城乡统筹发展贡献智慧的有识之士。研究中心设立的愿景是通过搭建一个常设的交流、沟通和互动平台,促成政府、学术界、产业界在土地及相关领域的重大问题、政策和制度研究上,形成理性沟通和良好互动关系,平等、冷静、智慧地对话,交换观点,凝聚智慧,熔铸思想,共同探求中国经济社会发展过程中出现的各种重要的土地问题的治理之策,共同研究中国土地政策制度优化及设计之道,共同关注中国城市化进程和城乡统筹发展,共同致力于中国经济社会的可持续和科学发展。     

政策

《公路超限检测站管理办法》8月1日施行近日,交通运输部部长李盛霖签发《公路超限检测站管理办法》（中华人民共和国交通运输部令2011年第7号）,自2011年8月1日起正式施行。《办法》明确,公路超限检测站按照布局和作用,分为Ⅰ类检测站和Ⅱ类检测站。Ⅰ类检测站主要用于监控国道或者省道的省界入口、     

政策

为进一步贯彻落实国务院关于坚决遏制部分城市房价过快上涨的通知精神,9月29日,国务院八部委出台新一轮调控政策。内容包括;一是对房价过高、上涨过快、供应紧张的城市,要在一定时间内限定居民家庭购房套数,     

政策

三部委：新建小区须配自行车停车场9月14日,住建部、国家发改委、财政部联合发文,要求加强城市步行和自行车交通系统建设。并宣布9月22日将继续举行“中国城市无车日”活动。根据三部委下发的指导意见,到2015年,市区人口在1000万人以上的城市,步行和自行车出行分担率要达到45％以上。     

政策

交通部发布第一批甩挂运输推荐车型公示6月28日,交通部道路运输司公布了第一批甩挂运输推荐车型的公告。此次推荐车型包括了10款牵引车和5款半挂车,牵引车分别是:解放J6 CA4250P66K2T1A1H E、CA4250P66K24T1EX两款,东风天龙6X4牵引车DFL4251A9、DFL4251A10两款,中国重汽ZZ4257N3247N1B、ZZ4257N3247C1两款,福田欧曼     

政策

国土部:消灭地王12月18日上午,国土部召开2012年房地产用地管理调控的情况新闻发布会,就近期土地市场地王频出等问题做出说明。国土部相关负责人在会上表示,将在房价出现上涨、房屋供需矛盾比较突出的部分一、二线城市增加土地供应,加大调控力度,并要求各地采取分割出让、综合竞标、配建竞标等方式,避免出现所谓地王误导市场。并首次限定住宅用地供应量最低值,不低于过去5年的年均供应量。     

政策

住建部：禁止使用住房公积金贷款投机购房 近日,住建部联合财政部、中国人民银行及中国银行业监督管理委员会共同下发《关于规范住房公积金个人住房贷款政策有关问题的通知》,《通知》明确规定,住房公积金个人住房贷款只能用于缴存职工购买、建造、翻建、大修普通自住房,以支持基本住房需求。严禁使用住房公积金个人住房贷款进行投机性购房。     

政策

两会期间北京对外埠进京车辆管制为保证“两会”期间北京市区道路交通有序、安全和畅通,从2月28日零点至3月15日24点,北京交管部门将按公安部的统一部署,对外埠进京车辆采取临时交通管制措施。具体五项临时的交通管制措施如下：1、外地车进京须持驾驶证、车辆行驶证、检验合格证、交强险凭证办理“进京证”。进京客车”通行证有效期为7天,“进京货运”通行证有效期为3天。持“进京证”外埠机动车仍需严格遵守5日制限行、