MACROECONOMIC STABILIZATION POLICIES IN THE EMU: SPILLOVERS, ASYMMETRIES AND INSTITUTIONS

This paper studies the institutional design of the coordination of macroeconomic stabilization policies within a monetary union in the framework of linear quadratic differential games. A central role in the analysis plays the partitioned game approach of the endogenous coalition formation literature. The specific policy recommendations in the European Economic and Monetary Union (EMU) context depend on the particular characteristics of the shocks and the economic structure. In the case of a common shock, fiscal coordination or full policy coordination is desirable. When anti‐symmetric shocks are considered, fiscal coordination improves the performance but full policy coordination does not produce further gains in policymakers' welfare.     

从政府到市场——全运会品牌之历史读本

第一届全国运动会 筹备委员会成立时间：1965年1月9日     

部分相干高斯—谢尔模光束在负色散介质中的光谱特性

文章利用由部分相干光理论及张量方法推导出的部分相干高斯—谢尔模(GSM)光束在介质中的传输公式,计算分析了部分相干GSM光束在负色散介质中的演化特性.研究结果表明,部分相干GSM光束在负色散介质中传输时会出现光谱分裂和频移现象.     

独立性与报酬、知识与信息,谁更重要 ——基于独立董事监督职能的问卷调查

本文把独立董事的工作看成是一种高认知能力的服务,独立董事能否发挥监督职能取决于他们的决策行为过程。依据决策理论,得出了独立董事要有效地发挥监督作用,需要信息、知识和独立性三个要素的支持;通过对问卷调查结果的分析,还得出独立性并不是影响我国独立董事制度有效发挥作用的最重要因素,相比之下,信息和知识却更加重要;报酬也不是影响我国独立董事的最重要因素,重要的是独立董事获取信息的能力。这些结论有助于我们从新的视角去改进我国的独立董事制度。     

大型零售网点的开发及其对城市发展影响的探讨

一个Power Center建成于1986年，到1997年全美已发展到713个，其每年的销售总额占到了全美零售额的10％左右。美国的大型购物中心、仓储式商场、Power Center等主要分布在城市郊区，这与美国郊区化运动是相一致的。由于1950年代美国制定了鼓励郊区住宅建设的政策，同时洲际高速公路网络基本形成，私人汽车成为广大市民的出行工具，从而带来了大量城市人口向郊区迁移，也带动了零售消费力从城市中心向郊区的转移。再加上，城市郊区的地价更为便宜、土地利用更为宽裕，     

信息伦理:数字化生存下的道德新知

站在21世纪的地平线上审视网络技术的发展，人们在看到网络的巨大力量和灿烂前景的同时，也感受到了这一技术所馈赠的黑暗的一面，信息网络就像一把双刃剑，它既给我们带来了新的发展机遇，也给我们带来了迷乱与冲突。它使原有的传统伦理观念遭受到冲击和侵袭，而新的成型的伦理道德规范暂时还未形成，     

Price transmission between products at different stages of manufacturing in forest industries

The theory of demand and supply implies a positive relationship, or “price transmission” between the prices of products at different stages of manufacturing. This relationship was investigated with quarterly prices of softwood stumpage in the US South, and national prices of forest products, from 1977 to 2002. All prices, net of inflation, were found to be nonstationary and there was no evidence of co-integration between prices. Vector autogressive models, augmented by Granger causality tests and multiplier analysis showed that there was a one-to-one permanent positive response of the southern sawtimber stumpage price to a permanent change in the national lumber price. There was also a one-third permanent positive response of the national paper price to a permanent change in the national pulp price. There was no relation between regional pulpwood prices and national pulp or paper prices. When price transmission was significant, the full adjustment took about 2 years.