Why persistent high inflation impedes growth? An empirical assessment of threshold level of inflation for India

In the policy debate on growth–inflation trade-off and the role of monetary policy in managing the trade-off in the short-run, theoretical and empirical research suggests the presence of a country specific threshold level of inflation. Empirical findings of this paper suggest that for India the threshold level of inflation could be around 6%. The inflation target for monetary policy may have to be somewhat lower than the growth maximizing threshold, since any positive inflation could be a risk to inclusive and sustainable growth objective.     

丹麦风电的未来

丹麦是世界风电行业的领跑者。介绍了丹麦大力发展风电的驱动力,描述了风电发展给电力行业以及人民生活带来的影响,阐述了风电的社会经济效益。详细论述了丹麦通过负荷经济调度、电力进出口以及上下调制电能产量从而实现了电力消费的20％来自于风能。为实现欧盟的“20—20-20”目标,电网基础设施建设、灵活的生产与消费以及智能电网方案将为可再生能源尤其是风电的发展提供坚强的平台。负荷经济调度在新的方案下是实现社会经济效益最大化的有效措施。     

AMBITIONS AND OPPORTUNITIES FOR ASSESSING MILITARY PERFORMANCE IN CRISIS RESPONSE OPERATIONS

This paper addresses the issue of measuring armed forces’ performance in crisis response operations. By means of interviews (17 respondents) and a large scale survey (1,253 respondents) field and general officers of the Netherlands Armed Forces (NAF) have been questioned on perceived organisational success in crisis response operations. The Dutch officers assess the NAF's performance positively. A number of senior officers are hesitant about the usefulness of measuring the performance of crisis response operations. According to them the context in which the operations are being executed is too complex. Most interviewees, however, are convinced that measuring performance is useful and should be improved. These military leaders express a strong need for criteria to assess their performance on the job.     

群体性事件的生成土壤与理性应对

对群体性事件做清晰的概念界定,并基于现有文献对类型归属做明确的划分。深刻阐述社会转型的冲突与调适、刚性稳定的利益悖论、公共危机治理的处置失当、社会心理失衡的非理性应对是引发群体性事件的深层诱因,以资从制度规范和实践应对的维度,提出建构和完善群体性事件处置的政策体系,解释了强化群体性事件处置的操控性技术的可行性,并借鉴国外群体性事件处置的理论技巧,提出坚持"现场第一"原则、"处境化"思维、警察权的配制与使用等操作化建议,以此使各地应对群体性事件的有效经验制度化,实现国家长治久安。     

Consumer response to food labels in an emerging market: the case of Romania

This study investigates consumer response to food labels in an emerging market. More specifically, it measures the levels of awareness, objective and perceived understanding, perceived usefulness and perceived trustworthiness of the most prominent food labels found in the Romanian market. An online survey was conducted with a convenience sample of 428 respondents (45.6% males of an average age of 30.6 years). Results revealed that for most respondents, awareness levels towards food labels are generally low, except for the Guideline Daily Amount (GDA) and the organic food labels. Objective understanding towards food labels was relatively high, especially towards those food labels that included a clear text element. Perceived understanding, perceived usefulness and perceived trustworthiness were found to be consistently high with regard to the GDA and the national organic food labels, while the European organic label scored lower. Finally, response to food labels was found to differ between aware and unaware respondents.     

盈余反应非对称性：会计稳健性，抑或费用粘性

文章运用2008-2011年我国A股主板上市公司数据,首次将会计稳健性和费用粘性纳入同一研究框架来探究盈余反应非对称反应的根源。实证研究结果表明,基于会计稳健性根源的盈余反应非对称性系数不显著,基于费用粘性根源的盈余反应非对称性系数显著为正。这一结果表明,我国公司盈余反应非对称性的根源主要在于费用粘性,而非会计稳健性。     

论《突发事件应对法》与应急物流研究

《突发事件应对法》的实施对深入贯彻落实科学发展观,提高依法应对突发事件的能力,更好地维护人民生命财产安全,促进社会和谐稳定,具有重大意义和深远影响。文章指出,必须以《突发事件应对法》为指导,加强应急物流体系研究。为进一步健全突发事件应急管理机制,完善和落实应急预案,加强应急管理体制机制建设,加大风险隐患预防和排查化解力度,及时组织处置突发事件,应深刻理解并把握《突发事件应对法》对应急物流的规律性认识,坚持以科学发展观为统领,全面把握新时期新阶段应急物流工作的重要性,以《突发事件应对法》为准则,深入探索应急物流的内在规律,牢牢掌握应急物流的主动权;以《突发事件应对法》为指南,狠抓应急物流制度建设;以《突发事件应对法》为基准,加强应急物流保障机制;以《突发事件应对法》为指导,加强应急物流指挥、配送体系的建立。     

Independent Movement or Government Subcontractor? – Strategic Responses of Voluntary Organizations to Institutional Processes

The purpose of this paper is to identify factors that can explain differing responses of voluntary organizations to the pressure of homogenization that follows from interaction with public authorities. The paper is theoretically based on institutional organization theory and resource dependence theory, and empirically on research on voluntary organizations in the social sector. It is asserted that the following factors may explain voluntary organizations' ability to maintain autonomous in relation to public organizations: the characteristics of the organizational field, the focal organization's relations to the dominating organization in the field, organization characteristics and intra–organizational processes and strategies.     

Charging for public services: the case of utilities in Norwegian local governments

This paper empirically analyzes the determinants of utility charges using a panel data set for a sample of Norwegian local governments. There is strong evidence of revenue substitution in the sense that local governments increase their utility charges when other sources of revenue (lump-sum grants and regulated tax revenue) become more restricted. Moreover, local political institutions are shown to be important: a high share of socialist representatives in the local council leads to high utility charges, whereas a strong political leadership is able to keep utility charges low.     

Real interest rate linkages in the Pacific-Basin region

This paper examines the linkage of real interest rates of a group of Pacific-Basin countries with a focus on East Asia. We consider monthly real interest rates of US, Japan, Korea, Singapore, and Thailand from 1980 to 2006. The impulse response analysis and half-life estimation are conducted in a multivariate setting, adopting the bias-corrected bootstrap as a means of statistical inference. It is found that the degree of capital market integration has increased after the Asian financial crisis in 1997. The overall evidence suggests that the crisis has substantially changed the nature of the short run interactions among the real interest rates. Before the crisis, both the US and Japanese capital markets dominated the region. After the crisis, the dominance of the Japanese market has completely disappeared, while the US market remains as a sole dominant player and the Korean market has become more influential.