ON THE EFFECTIVENESS OF FISCAL POLICY AS AN INSTRUMENT OF MACROECONOMIC POLICY

This paper demonstrates that fiscal policy is an effective and essential instrument of stabilisation macroeconomic policy. This is particularly so if it is co-ordinated with monetary policy, especially in the current worldwide economic situation.     

ON THE INEFFECTIVENESS OF FISCAL POLICY AS AN INSTRUMENT OF MACROECONOMIC POLICY

Spending depends on the quantity of money. If an increase in the budget deficit is financed by sales of government debt to non-banks, the quantity of money is unchanged and public borrowing 'crowds out' private spending. But – if the government finances its deficit (or buybacks of existing debt) from the banks – the quantity of money, and hence spending and national income increase.     

政策营销研究综述

文章结合国内外对政策营销的研究,主要从政策、政策营销概念及其策略模式等方面进行了介绍。首先,介绍了政策概念的综述;其次,对政策营销的发展进行了总结,并且综述了政策营销的概念定义;最后,对政策营销的模式以及营销策略,进行了综合总结。     

财政政策与货币政策相对有效性研究

本文从实证的角度 ,对我国财政政策和货币政策的相对有效性进行了研究。运用协整分析方法并通过邹氏检验 ,对整个数据期间进行了制度检验。结果显示1980年以前平均来说 ,财政政策比货币政策有效 ,而其后平均来说货币政策比财政政策有效。这一结论与我国建国以来宏观经济调控政策选择的基本情况相吻合 ,为对宏观调控的政策选择提供了有力的支持。     

核心企业激励节点企业信息化的方式及比较研究

研究了供应链上核心企业对节点企业推行信息化的几种激励策略．分析了核心企业采用命令式、一次性补贴式和价格补贴式促使三种供应商信息化的策略,以及这些策略对核心企业自身、供应商以及整个供应链的产量、利润、净增利润和利润分配等问题进行了研究。得出了采用这些策略必须满足的临界条件,并对这些策略进行了比较研究,提出了三个重要结论。     

“后危机”时代下我国财政政策的选择

为了应对1997年的亚洲金融危机和2008年的国际性金融危机,我国先后采取了两次积极的财政政策.文章通过对这两次积极的财政政策的背景和内容进行比较,分析我国在宏观调控中的新特点.并通过对第一次财政政策的退出机制的分析,认为我国在“后危机”时代仍应继续实施积极的财政政策.     

2010年影响我国货币政策走向分析

今年以来,在宽松货币政策的刺激下,我国实体经济呈现出良好的增长势头。但是,我国的货币供给高位和资产价格爬升也已经显露无遗,股市和楼市泡沫经济现象明显,国内通胀阴影笼罩不散。我国的货币政策如何调控现行经济走向是个值得深思的问题。     

On the desirability of nominal GDP targeting

This paper evaluates the welfare properties of nominal GDP targeting in the context of a New Keynesian model with both price and wage rigidity. In particular, we compare nominal GDP targeting to inflation and output gap targeting as well as to a conventional Taylor rule. These comparisons are made on the basis of welfare losses relative to a hypothetical equilibrium with flexible prices and wages. Output gap targeting is the most desirable of the rules under consideration, but nominal GDP targeting performs almost as well. Nominal GDP targeting is associated with smaller welfare losses than a Taylor rule and significantly outperforms inflation targeting. Relative to inflation targeting and a Taylor rule, nominal GDP targeting performs best conditional on supply shocks and when wages are sticky relative to prices. Nominal GDP targeting may outperform output gap targeting if the gap is observed with noise, and has more desirable properties related to equilibrium determinacy than does gap targeting.     

河北省人才集聚政策实证分析

人才作用的发挥和人才政策的落实紧密相关。论文对河北省人才政策进行分析,结合现场访谈和调查问卷数据的收集,实证研究了河北省近三年人才政策对人才集聚的效果,结果显示,不同类型人才政策对人才集聚均产生影响,但影响程度各异。人才对人才管理政策、人才激励政策较为关注,而人才吸引政策和人才发展保障政策则产生较小影响。最后提出了河北省进一步完善政策实现区域人才集聚的对策建议。     

产业政策与经济法关系研究

产业政策与经济法的关系一直是经济法学界的关注重点之一,本文试图从产业政策的定义、产业政策与经济法的区别和联系进行探讨,最后提出对产业政策与经济法关系之我见。为以后的产业政策研究提供参考。     

浅论对会计政策的思考

从会计政策的定义会计政策产生的原因、会计政策根据,其制定主体应分为宏观会计政策和企业会计政策两个层次,会计政策的制定和选择应注重成本效益的原则,并对财税政策的协调四个方面阐述了会计政策的概念,进一步论述了会计政策的制定和选择应注重成效的原则。     

国防经济政策评价的价值工程分析

20世纪40年代,尤其是进入80年代以后,尽管价值工程概念获得了广泛的应用,但迄今并未对国防经济政策价值的概念给出清晰、统一的定义。作者在国内外首次建立了国防经济政策的政策成本、功能和价值的概念;提出了政策价值的三种评价方式。探讨了建立基于价值工程分析的国防经济政策程序模型的基本步骤与方法,对系统内部要素及其决定因素的关系作了典型性说明,并对价值工程分析内部要素关系进行了总体描述。这为国防经济政策价值分析提供了创新性的分析工具。     

关于政策变动的问题探析

在当前的社会转型实践过程中,我们可以明显感觉到较高的政策变动性,这是我国这种社会转型的特性与公共政策的职能所共同决定的。通过论述由公共政策变动性所可能带来的负效应,最终得出一些有利于社会转型而降低政策变动性负效应影响的具体措施。     

中国的竞争政策与产业政策：作用、关系与协调机制

竞争政策与产业政策在不同经济发展阶段上发挥着不同的作用,二者关系的发展趋势是竞争政策逐步成为优先选择。从理论上看,竞争政策与产业政策在政策目标、理论基础以及相互作用等方面既有一定的互补性和一致性,也存在着严重的冲突。长期以来中国产业政策一直居于强势地位,但是其政策效果并不理想,特别是与创新引领经济发展和完善市场竞争机制的要求存在着冲突。随着市场经济的发展,市场在资源配置中发挥决定性作用,竞争政策的地位将更加重要。竞争政策与产业政策协调机制的设计非常关键,在充分发挥竞争政策作用的同时,要处理好竞争政策与产业政策之间关系。     

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.     

MACROPRUDENTIAL POLICY – A LITERATURE REVIEW

The recent financial crisis has highlighted the need to go beyond a purely micro approach to financial regulation and supervision. As a consequence, the number of policy speeches, research papers and conferences that discuss a macro perspective on financial regulation has grown considerably. The policy debate is focusing in particular on macroprudential tools and their usage, their relationship with monetary policy, their implementation and their effectiveness. Macroprudential policy has recently also attracted considerable attention among researchers. This paper provides an overview of research on this topic. We also identify important future research questions that emerge from both the literature and the current policy debate.     

论当代刑事政策中价值选择及方法论

现代刑事政策的发展是和人们对于犯罪及刑罚认识的不断深化密切相关,将犯罪放在社会的角度,不但构成了预防的长链条,使刑罚不再成为解决犯罪的唯一解药;同时,刑罚的施用也不再是对犯罪处理的结束,对犯罪行为矫正的链条也应当在社会生活的背景下继续延长,形成对犯罪行为更为深刻和持久性的影响。与此相关,在当代刑事政策的采纳运用中,刑罚个别化作为其方法论选择,则成为不可忽视的其中一环。     

MILTON FRIEDMAN ON THE INEFFECTIVENESS OF FISCAL POLICY

This article examines the evolution of the views of Milton Friedman on the (lack of) effectiveness of fiscal policy as compared with monetary policy. Though his views changed, it would not be accurate to say that he began as a naïve Keynesian. The empirical evidence bears out Friedman's later views.     

Optimal interest-rate rules and inflation stabilization versus price-level stabilization

This paper compares the properties of interest-rate rules such as simple Taylor rules and rules that respond to price-level fluctuations (called Wicksellian rules) in a basic forward-looking model. By introducing appropriate history dependence in policy, Wicksellian rules perform better than optimal Taylor rules in terms of welfare, robustness to alternative shock processes, and are less prone to equilibrium indeterminacy. A simple Wicksellian rule augmented with a high degree of interest rate inertia resembles a robustly optimal rule, i.e., a monetary policy rule that implements the optimal plan and that is also completely robust to the specification of exogenous shock processes.     

公司治理模式下的会计政策选择:比较、借鉴与启示

本文在介绍公司治理和会计政策选择基本概念及其相互关系的基础上,分析了不同治理模式下会计政策选择的特点。在对不同模式及其会计政策选择进行比较、借鉴的基础上,对我国公司治理及会计政策选择建设提出了新的思路。