Distribution forecast targeting in an open-economy,macroeconomic volatility and financial implications

In an open-economy faced with parameter uncertainty, this paper uses distribution forecasts to investigate the impact of alternative inflation targeting policies on macroeconomic volatility and their potential implications on financial stability. Theoretically, Domestic Inflation Targeting (DIT) leads to less volatility than Consumer Price Index Inflation Targeting (CPIIT) for several macroeconomic variables and, in particular, for the interest rate. Empirically, a positive relationship between interest rate volatility and financial instability emerges for the US, UK and Sweden since the early 1990s. Bridging theory and empirical evidence, we conclude that the choice of the inflation targeting regime has an important impact on macroeconomic volatility and potential implications for financial stability.     

Keynes’s liquidity preference and the usury doctrine: their connection and continuing policy relevance

The purpose of this paper is to support the spirit of the early medieval prohibition of payment for the use of money, with arguments based on the economics of Keynes. At the heart of the usury doctrine is the idea that a creditor cannot expect both the security of a claim on a fixed sum of money and to derive an income from it; security comes at a price, one way or another. The consequences of the unwillingness of modern society to accept this are illustrated by reference to two problems of the modern international financial and monetary system: bank bailouts and the lack of a supranational reserve currency.     

审慎推进利率市场化的思考

从国际经验看，在健全的金融管理体系和市场下实行利率市场化改革成功者居多，而在不成熟的条件和不适当的时机下完全放松利率管制者多以失败告终。本文通过对我国当前金融管理和市场体系基础的分析，指出当前利率实行全面市场化的弊端，提出我国利率市场化改革不可急功近利，应有规划、有步骤地进行。尤其是在当前错综复杂的国际国内政治经济形势下，利率市场化改革务必审慎进行。     

发展中国家低收入者住房理论发展轨迹:多元性与渐进性

制定合理住房政策需要基于正确的住房理论.目前国内介绍西方发达国家住房理论的文献颇多,并以此为基础结合国内现实问题提出住房政策建议.然而,中国的住房政策应基于目前我国仍然是一个发展中国家的基本条件,因此在学习西方发达国家住房理论的同时,决不应当忽略发展中国家住房理论的重要借鉴意义.本文系统回顾了二战后发展中国家住房理论的...     

大型建筑企业人力资源管理的特点、问题及对策——以中煤矿建集团为例

人力资源管理是企业可持续发展的关键。文章以中煤矿建集团为例分析了大型国有建筑企业人力资源管理的特点以及其在发展过程中所面临的人力资源管理问题,并根据人力资源管理理论和企业的具体实际,分别从人力资源管理战略规划、员工培训、薪酬管理和企业文化建设等四个具体的方面探讨解决这些问题的方法和措施。     

Factors influencing the effectiveness of online group buying in the restaurant industry

Group buying, which provides daily discounts for various services and products, is a new form of marketing that has attracted the attention of both practitioners and academic researchers. However, it is unclear what factors influence the effectiveness of a group buying promotion. This study presents an analysis of 862 restaurant group buying deals based on the secondary data collected from a restaurant guide website. The results indicate that group buying effectiveness – namely, the number of coupons sold, satisfaction improvement, and return intention of group buying customers – can be affected by the discount depth of a deal as well as the service quality and popularity of a restaurant. These findings provide useful insights regarding the elements that are necessary to make a group buying promotion work.     

利率微调及其对中国的适应性研究

近年来,一些西方国家在利率政策操作中通过采用微调模式,使得利率政策的精确度和有效性得以增强。为了考察利率微调在我国的适用性,本文通过实证研究,得出了一些与我国经济发展较为吻合的结论:在我国宏观经济的调控体系中,利率微调已经初步具备了其实施的宏观环境基础。但是,要想充分发挥我国利率微调的实施效果,我国在制度与政策层面,还必须进行与利率政策相匹配的后续改革。     

金融危机下境外热钱入境的利益博弈及对策分析

随着全球金融危机第二波浪潮的到来,热钱进出我国市场的动向又有了新的变化。金融市场的脆弱性和联动性使得中国社会各界越来越关注热钱在境内的流动状况。本文通过对热钱入境的利益博弈分析,探讨境外热钱的危害性特点以及阻止与打击境外热钱肆虐的具体路径,促进我国金融危机应对策略效果的更好发挥。     

我国产业集群国际品牌力培育研究

随着世界上诸如意大利的纺织业集群、美国硅谷的IT产业集群等的崛起，中小产业集群作为一种客观存在的经济现象，引起了越来越多的关注。产业集群作为一种介于产业和市场之间的产业空间组织形式，已经对地区经济发展产生积极的影响。因此，利用产业集群优势，打造区域品牌，培养产业集群的品牌力。成为了区域经济发展的战略性思路。