基于银行卡个人支付手段与支付模式的研究

本文通过分析基于银行卡个人支付手段的交易流程,指出基于POS、ATM传统机具的支付模式存在较大的金融信用风险,并存在资源稀缺性的缺陷;而基于移动终端或电话终端的支付模式比基于POS、ATM的支付更具有可普及性,且金融风险得到了降低;随着生物识别技术的发展,基于生物识别的支付模式可能是未来的一个发展方向。生物识别具有唯一性,在这种模式下,金融风险会得到最大限度的降低。     

国外学者对公共产品需求问题的研究动向

衡量社会成员对公共产品需求一直是公共经济学的热点领域。20世纪以来,国外学者围绕公共产品均衡供给与需求关系、公共产品需求识别方法及公共产品影响因素与供给政策改善等问题进行了一系列理论和方法上的探索,对这些理论和方法的学习和评价有助于我们正确理解公共产品需求问题。     

科技信用风险管理研究框架

科技信用风险管理运用风险管理的理论和方法来管理科技信用,是综合了信用管理、科技管理、风险管理等的一门交叉学科。科技信用风险管理对于规范科技工作者的科研行为、维护良好的科研秩序具有重要意义。科技信用风险管理是一个包含基础理论、专门知识、研究方法和应用技术的理论和实践体系,基于这一体系,建立了一个关于管理过程的研究框架。     

Local identification in DSGE models

The issue of identification arises whenever structural models are estimated. Lack of identification means that the empirical implications of some model parameters are either undetectable or indistinguishable from the implications of other parameters. Therefore, identifiability must be verified prior to estimation. This paper provides a simple method for conducting local identification analysis in linearized DSGE models, estimated in both full and limited information settings. In addition to establishing which parameters are locally identified and which are not, researchers can determine whether the identification failures are due to data limitations, such as lack of observations for some variables, or whether they are intrinsic to the structure of the model. The methodology is illustrated using a medium-scale DSGE model.     

农村金融组织支农作用的认同度比较分析——基于对长沙农村居民的调查

从农村金融需求者——农村居民的角度,通过量表调查了解不同农业收入比重群体对各类农村金融组织支农作用的评价,找出各类农村金融组织支农作用认同度的差异,进而为农村金融组织的发展和“三农”问题的解决提出初步的对策建议。     

The distributive effect of monetary policy: The top one percent makes the difference

The paper evaluates the distributional effect of monetary policy. The empirical analysis is implemented for the USA, where the dynamics in income inequality is mainly driven by the variation in the top one percent of the income distribution. The paper uses the inequality measures that represent the whole income distribution. The distributive effect of monetary policy is evaluated in the cases of different frequency data. To identify a monetary policy shock, the paper applies the contemporaneous and the long run identification methods. In particular, a cointegration relation is determined among the considered variables and the vector error correction methodology is used for the identification. The obtained results indicate that contractionary monetary policy decreases income inequality. These results can have important implications for the design of policies to reduce income inequality by giving more weight to monetary policy.     

人境匹配视角下员工创新行为研究

创新是当今社会发展的时代主题，对于企业而言，激励员工表现出卓越的创新性行为是提升企业创新优势的关键，而促进员工与企业融合则是实现上述目标的有效途径。基于人境匹配理论，系统探讨企业员工创新行为影响机制，构建个人领导匹配、个人组织匹配、领导认同、组织认同与员工创新行为结构方程模型，通过实证分析，结果发现：①员工领导匹配对领导认同、员工组织匹配对组织认同具有正向影响；②领导认同与组织认同对员工创新行为具有正向影响；③以上两种认同关系在人境匹配与员工创新行为之间起中介作用。该结论将原有人境匹配框架中的“匹配”有效扩展为“匹配-转化”框架，该框架在组织层面和个体层面的应用使人境匹配理论更加丰富和纵深，可为匹配理论视角下企业员工创新行为实践提供有益参考。     

阳泉站车号识别智能管理系统构建研究

随着铁路信息化建设的不断深入,货运票据电子化的实施,充分利用现有的车号识别系统与现车系统、确报系统大数据融合,实现铁路车号作业的智能化。在阐述阳泉站车号作业流程现状及存在问题的基础上,构建阳泉站车号识别智能管理系统,探讨阳泉站车号识别智能管理系统工作流程及效果,从更新车号排序、去除相同数据记录、匹配空标签信息和及时匹配车号信息入手,加强阳泉站车号识别智能管理系统优化,为实现铁路车站车号识别智能化提供借鉴。     

货币政策冲击对实体企业投资选择影响的“宿醉效应”

本文研究货币政策冲击对实体企业投资选择的动态影响效应。与传统分析方法不同,本文运用利率衍生品价格数据来识别中国货币政策冲击,利用工具变量局部投影法获得货币政策冲击对微观实体企业投资选择的动态影响效应。研究表明,动态效应呈现出更丰富的信息:货币政策冲击对企业金融资产占比有显著驱动效应,效应大小表现出先升后降趋势,在冲击发生一年半后达到峰值。值得注意的是,货币政策冲击会导致企业货币资金占比在短期内显著减少,而在中长期显著增加。进一步分析表明,货币政策冲击使实业投资和金融投资在短期内都更有利可图,所以在短期内企业倾向于减少货币资金占比,增加非货币金融资产投资和实业投资;政策冲击在中长期对企业资产收益率的提升作用消退,盈余效应使企业在中长期的金融资产占比提高,表现出一定的“宿醉效应”。     

The role of house prices in the monetary policy transmission mechanism in small open economies

We analyse the role of house prices in the monetary policy transmission mechanism in Norway, Sweden and the UK, using structural VARs. A solution is proposed to the endogeneity problem of identifying shocks to interest rates and house prices by using a combination of short-run and long-run (neutrality) restrictions. By allowing the interest rate and house prices to react simultaneously to news, we find the role of house prices in the monetary transmission mechanism to increase considerably. In particular, house prices react immediately and strongly to a monetary policy shock. Furthermore, the fall in house prices enhances the negative response in output and consumer price inflation that has traditionally been found in the conventional literature. Moreover, we find that the interest rate responds systematically to a change in house prices. However, the strength and timing of response varies between the countries, suggesting that housing may play a different role in the monetary policy setting.