Persistence of Output Fluctuations Under Different Exchange Rate Regimes

In a recent paper, Giugale and Korobow (2000) present evidence that suggests that the time required by output to return to trend following a financial shock is faster under a flexible exchange rate regime than under a fixed exchange rate. In this paper, we use vector autoregression models to measure the persistence properties of output for a number of countries in the Asia–Pacific region. Our results suggest that output persistence is not uniquely related to a country's choice of exchange rate regime. The two countries in our sample with the least persistent output following a financial shock are Australia, where the exchange rate is fully flexible, and Hong Kong, where it is rigidly fixed via a currency board.     

Significant Issues for the Future of Product Innovation

What's happening in the world of product innovation? What are the tough issues that managers are facing? And what's going to happen in the remaining years of this decade? In this article, several members of the Editorial Board of The Journal of Product Innovation Management offer their ideas about where the important problems lie. This is the fodder for a good round table discussion and through the medium of this journal we'll engage in such a discussion in this and a subsequent issue.     

Urban supply–demand interrelations in business services

Business services are mainly concentrated in major urban economic areas, and affect the way in which supply and demand interact at urban level. Firstly, this article explains the corresponding impact for location and use, given a set of possible explanatory factors. Secondly, we test hypotheses within the Madrid region: a specific econometric model (a 3-steps Probit) tested upon an ad hoc survey covering 32 services in 14 cities. The results confirm the expected limited impact of local supply on demand behaviour, but show differences depending on the type of services.     

Why leadership of public leadership research matters: and what to do about it

The tough-talking, take-charge, individualistic view of public leadership is alive and well throughout the world, despite the enthusiasm of leadership scholars for more shared, relational, and collectivist views. The times therefore seem especially appropriate for assessing the state of public leadership theory and research and charting a path forward to enhance understanding of the continued appeal of Great Person leadership and the promise of collective leadership. This essay considers the current public leadership context, highlights distinctive characteristics of public leadership, and provides an overview of recent public leadership research through a collective lens. We call for more attention to leadership theory from within public management and the broader leadership fields and to public value and public values in leadership theorizing and research. We suggest public leadership scholars roam more freely through the disciplines and experiment with a variety of methods beyond the traditional case study.     

Phases of the Canadian business cycle

In this paper we contrast a number of univariate models of Canadian GDP. Our preferred models are used to provide a business cycle chronology for Canada, which is compared with some existing, more judgmentally determined chronologies. We find that a simple, 'two quarters of negative growth' rule for determining recession dates is the most similar to our chronology. We also find that the most recent recession in Canada was unique in both its length and the slow speed of recovery. JEL Classification: C22, C51, C52, E32
Phases du cycle d'affaires au Canada. Dans ce mémoire, les auteurs contrastent un certain nombre de modèles du PIB canadien. Les modèles préférés sont utilisés pour définir une chronologie des cycles économiques du Canada qu'on peut comparer avec d'autres chronologies existantes basées davantage sur le jugement. On découvre que la règle "deux trimestres de croissance négative" est celle qui se rapproche le plus de la chronologie proposée quand il s'agit de définir les dates de récession. On découvre aussi que la récente récession canadienne a été unique tant par sa durée que par la lenteur avec laquelle la reprise subséquente s'est amorcée.     

新年贺辞

市民朋友们： 伴随着新年的钟声,承载着艰辛和喜悦,我们共同迎来了充满希望的2010年。在这辞旧迎新的时刻,我代表青岛市人民政府,向全市人民和所有关心支持青岛发展的海内外朋友,致以新年的祝福!向各行各业的广大职工,表示衷心的感谢!向人民解放军驻青部队、武警官兵和公安干警,表示崇高的敬意!     

祖母过寿，子孙远游

若干小时车行途中，拿出手机登录新浪围脖，上去看看自己关注的名人草根们的言论，顺便把自己的所见所闻、忽发灵感、舒心惬意发上去和大家分享。