六成计划购车者持币观望

随着美国次贷危机引发的金融风暴席卷全球,中国车市进入了严冬时期,汽车整体产销形势比较严峻。在政府积极出台救市政策、厂商推出新车刺激市场、经销商纷纷打出大幅让利冲刺销量时,汽车消费者此时又是怎样的心态？在当前经济和政策形势的大环境下,居民购车又呈现出怎样的变化趋势？     

国家为何出台多项土地政策

2003年国家出台了多项土地政策,这些政策出台对房地产开发企业投资方向以及投资规模是否会产生影响?开发企业如何运用好这些政策? 以及国家今后又将会出台哪些政策呢?为此记者走访了国土资源土地利用司资产处雷爱先副处长和国土资源部执法监察局指导处郭宝平处长。在采访中,记者了解到,国家出台多项措施,主要从几方面考虑,一     

定向扶持政策助力小微企业发展

近日，国务院集中出台了支持小微型企业发展的六条金融措施和3项财税政策措施，以改善小微型企业面临的融资难问题及减轻小微型企业税收负担。政策的出台有其特定的背景。近期，温州等地的民间借贷引发了部分中小企业债务危机，以及由此带来的企业倒闭、老板“跑路”等连锁反应，如果这些问题不能得到有效处理，在当前国际经济形势复杂的情况下，一个区域的经济金融行为，容易引起“蝴蝶效应”。总体来看，这些政策的出台是及时的，也是具有较强针对性的。     

财政部部长助理张通：今年财政收支形势较严峻

财政部部长助理张通日前表示，2009年我国财政收入来源明显减少，财政支出压力较大，因此全国财政收支形势比较严峻。张通说，2009年1至2月份全国财政收入出现下降，主要原因：一是受经济下行影响，国际金融危机对我国造成一定冲击。二是政策性减免税费较多。2008年以来国家先后出台了一系列税费减免政策，这些政策预计2009年全年将减轻企业和居民负担约5000亿元。     

国际化背景下中金岭南集团财务控制体系的构建

2008年国际金融危机以来,国家相继出台一系列政策鼓励有实力的企业“走出去”,这是我国企业在国际经济危机中抓住机遇整合国际资源实现国际化经营的重要契机。     

我国外贸形势分析及展望

今年以来,国家出台了一系列支持对外贸易发展的政策措施,对减缓国际金融危机冲击、增强出口企业信心,保持我国出口竞争力产生了积极效果.从目前外贸运行来看,我国进出口进一步下滑的势头开始放缓.当前和今后一段时期,外需萎缩导致出口减少仍是我国经济增长面临的主要矛盾.外贸调控重点应是:继续贯彻落实国务院出台的促进外贸稳定增长的各项措施,进一步加大政策支持力度,努力把国际金融危机对我国外贸的影响降到最低,确保我国在国际市场的商品份额不降低或略有增长.     

创新促转型低碳促发展

百年一遇的国际金融危机出现后．国务院和地方政府立即出台了一系列政策,中央和地方政府加大了对中小企业的财政支持力度。2008年中央财政安排专项资金49．9亿元,较上年增长15％,2009年安排财政专项108．9亿元．2010年又有所增长。各级地方政府加大了对中小企业的财政支持力度．这些相加之和远远比中央财政加大的投入多得多。     

宏观调控形势下的房地产投资前景

最近一个时期，针对我国房地产投资过热的现象，中央政府连续出台了若干紧缩政策，并采取了相应的制度变革措施，这些政策对我国房地产投资必将产生深刻影响。     

中国就业应对国际金融危机方略系列研究报告之二 应对金融危机就业政策的评估

金融危机在对我国经济产生严重冲击的同时,对就业也造成了前所未有的冲击,为保增长、保稳定、保民生,中央政府及时出台了七个有关就业的文件,实施了六大举措,取得了一定的成效。鉴于国际金融危机来势猛,在未来经济走势尚不明朗的情况下,对这些就业新政的执行效果进行初步评估并分析存在的问题,对于坚定政策执行的决心,进一步完善就业政策,尤为重要。本报告是第一次对应对国际金融危机的就业政策进行的探索评估,其结论依据当前政策执行和进展得出的,属于政策执行过程中的评估,而对政策的全面评估还有待时日。     

点燃冬天里的一把火——浙江省质监局“技术机构千业质量帮扶”活动采访纪实：熊熊“火焰”温暖了你

“冬天来了”。美国次贷危机对全球金融市场的深度影响逐渐显示出来,中国经济不可能独善其身,不少陷入了经营困境的中小型企业都感到了冬天的寒意。 当然,对中小企业扶危济困,全社会一直在努力,政府高层密集性的调研,频频出台的宏观调控政策,都在帮助、引导中小企业走出艰难时期。     

初探泰国税收优惠政策

泰国是一个典型的外向型国家,对外资和进出口贸易的依赖性很强。近年来,泰国的引资政策取得了显著的成效,文章主要考察泰国近年来的税收激励政策,发现在亚洲金融危机爆发后,这些政策发挥了较大的作用,帮助泰国高效、合理地利用外资,从而使其快速地从危机中摆脱出来。     

浅谈美国次贷危机如何导致中国通货膨胀

2007年,美国房地产次贷危机的爆发终于引发了连锁反应,导致国际金融危机。以经济发展奇迹令世人瞩目的中国,越来越明显地感受到全球金融海啸给本国经济带来的严重后果。高失业,低就业;高物价,低收入。中国的危机将持续多久?     

危机后发达国家的非传统货币政策研究

次贷危机爆发以后,各国纷纷实行非传统的货币政策来刺激经济。自2009年下半年以来,随着一些国家的经济状况开始恢复,人们开始担心通货膨胀的出现,因此研究非传统货币政策何时退出就成为当前各国宏观经济保持稳定的一个重要任务。发达国家实行非传统货币政策的原因在于传统的货币政策传导机制,即从市场基准利率向短期利率和长期利率的传导受阻。因此非传统货币政策实施的目的在于降低短期利率预期和风险溢价,同时提高通胀预期,降低长期实际利率,最终起到刺激实体经济的作用。文章以美国为例,考察了美国金融指标、通胀指标和宏观经济指标,得出结论:传统的货币政策传导机制的恢复还未得到充分的确认。另外,由于欧洲债务危机的出现给全球经济复苏蒙上阴影,因此全面退出非传统货币政策尚不具备条件。但是在全球化时代,寻求大国之间退出策略的合作和协调是十分必要的。     

The policy mix in the US and EMU: Evidence from a SVAR analysis

We use a SVAR approach to the effects of fiscal and monetary policies, as well as their interactions (policy mix) for the US and the Euro Area (EMU). Overall, our results show that these two cases are different from each other. First, while in the case of the US there is evidence of Keynesian monetary policy, the same is not true in the case of the EMU. Second, considering the effects of the global economic and financial crisis, there is evidence of non-Keynesian fiscal policy in the case of the EMU (expansionary fiscal consolidation), while it does not hold in the case of the US. Third, there is evidence supporting the traditional inverse relationship between monetary policy interest rates and inflation in the case of the US, whereas in the case of the EMU there is a price puzzle (frequent in SVAR studies). Fourth, the baseline model seems to be robust in the case of the US, when considering the effects of the economic and financial crisis 2007–2009, while the opposite holds in the case of the EMU. However, in both cases, the policies seem to act as complements. Another similarity appears when analysing the relationship between public spending and taxation, where there is evidence supporting a fiscal retrenchment.     

金融危机、股权集中度与现金股利政策——基于A股上市公司的经验证据

运用我国A股上市公司2007—2010年数据,对金融危机、股权集中度与现金股利支付政策的关系进行研究,结果显示：在金融危机期间上市公司倾向于不支付现金股利或降低现金股利支付水平以应对未来收益的不确定性;相对于股权集中度较低的上市公司,股权集中度较高的上市公司在金融危机期间的现金股利偏好反而有所增强,即在金融危机期间,股权集中度较高的上市公司倾向于支付更多的现金股利以满足大股东对现金的需求。     

Climate Change and Financial Performance in Times of Crisis

Over the past years there has been a debate on the relationship between the environmental and financial performance of businesses, but researchers have not reached any agreement. This research attempts to explore this relationship, especially as in recent years there has been controversy about how this relationship has been affected by the global economic crisis. Taking into account that successfully limiting global climate change to safe levels in the long term is likely to require connecting climate change policies to sustainable development strategies, this paper focuses on the performance of environmental policies. We used a sample of 855 international companies in sectors of intensive greenhouse gas/CO₂ emissions. Specifically, we used data from the Forbes Global 2000 Index and Carbon Disclosure Project data from 2006 to 2009. The data analysis was performed using panel data methodology. The results obtained show that in times of economic crisis, the synergy between environmental and financial performance is higher, meaning that companies must continue to invest in sustainable projects in order to enhance relations with their stakeholders, leading to higher economic profits. Copyright © 2013 John Wiley & Sons, Ltd and ERP Environment     

我国存款准备金政策调整的效应分析

为解决我国流动性过剩问题和防范金融危机,中国人民银行近些年频繁调整存款准备金政策。本文以我国存款准备金政策的历史演变、政策的效果、存在的问题为切入点,分析其所产生的经济效应,提出了存款准备金政策运用中需关注的问题。     

Global imbalances and dynamics of international financial markets

We provide an overview of the special issue “Global Imbalances and dynamics of international financial markets”. This special issue, which is associated with the 7th International Finance Conference, features research papers dealing with the impact of global imbalances, market complexity, and the impact of the recent global financial crisis on the conduct of monetary policies, financial market dynamics, financial stability, and risk management models.     

浅谈金融危机下的大学生就业问题

受高校扩招和金融危机的影响,2009年高校毕业生面对的就业形势非常严峻。文章对高校毕业生就业现状、目前的就业政策以及大学生应该为实现顺利就业所作的努力进行了分析。     

Lessons from a century of FED policy: Why monetary and credit policies need rules and boundaries

Wide operational and financial independence given to monetary and credit policies subjects the Federal Reserve to incentives detrimental for macroeconomic and financial stability. The absence of a monetary policy rule created go-stop incentives that produced inefficient volatility of both inflation and unemployment during the Great Inflation. Fed credit policy has undergone massive “mission creep” since the Fed was established. Being debt-financed fiscal policy, Fed credit policy beyond ordinary temporary lending to solvent depositories creates friction with the fiscal authorities and jeopardizes the Fed׳s independence. An ambiguous boundary of expansive Fed credit policy creates expectations of Fed accommodation in financial crisis—that blunts the incentive of private entities to take protective measures beforehand (to shrink counter-party risk and reliance on short-term finance, and build up equity capital) and blunts the incentive of the fiscal authorities to prepare procedures in advance to act systematically in times of credit turmoil. These points are illustrated with reference to the 2007–09 financial crisis. Part of the problem is that the independent Fed does not have the same incentive as the 19th century Bank of England to follow Bagehot׳s Rule. The paper concludes with a set of principles to preserve a workable, sustainable division of responsibilities between the independent central bank and the fiscal authorities.