THE DYNAMIC PROPERTIES OF ALTERNATIVE ASSUMPTIONS ON PRICE ADJUSTMENT IN NEW KEYNESIAN MODELS

This paper presents a classification of the different new Phillips curves existing in the literature as a set of choices based on three assumptions: the choice of the structure of price adjustments (Calvo or Taylor), the presence of backward indexation and the type of price contracts (fixed prices or predetermined prices). The paper suggests study of the dynamic properties of each specification, following different monetary shocks on the growth rate of the money stock. We develop the analytical form of the price dynamics, and we display graphics for the responses of prices, output and inflation. We show that the choice made for each of the three assumptions has a strong influence on the dynamic properties. Notably, the choice of the price structure, while often considered as unimportant, is indeed the most influential choice concerning the dynamic responses of output and inflation.     

我国煤炭类上市公司折旧政策的选择——基于企业所得税效率

本文探讨了固定资产折旧政策选择与企业所得税效率之间的关系。并在此基础上,以我国煤炭类上市公司为例,分析了这些企业无一例外地选择年限平均法计提折旧背后的动机,并为如何使企业选择适合的固定资产折旧政策提出了相关建议。     

State-ownership and financial constraints on investment of Chinese-listed firms: new evidence

We examine how state-ownership affects financial constraints on investment of Chinese-listed firms during 1999–2008. We find that although an average sample firm experiences some degree of financial constraints, state-ownership does not necessarily help in reducing the firm's financial constraints on investment. Further evidence shows that state-ownership does not lead to more borrowing from the Chinese banking sector, implying that state-ownership does not necessarily reduce the firm's financial constraints via the state-controlled banking sector. We consider not only the standard factors in the investment equation, but also the firm's equity financing behaviour explicitly. The result is robust to both the conventional proxy for financial constraints, i.e. the investment–cash-flow sensitivity, and a recently developed proxy for financial constraints, i.e. the KZ index. Our results suggest that China's corporatisation movement is effective in that soft budget constraints once enjoyed by former state-owned enterprises have been removed along with the progress of corporatisation. These firms, although still state-involved, can be seen as modern corporations operating in a market environment.     

浅谈固定顶油罐区的消防安全对策

文章通过对固定顶油罐区的火灾危险性及火灾成因进行分析,提出了固定顶油罐区的消防安全对策。     

从固定资产重估看银行资本的提升

分析在国内外会计准则下，通过固定资产重估提升银行资本、缓解监管压力的可行性。根据我国会计准则的相关要求，在固定资产重估方面，目前只能通过投资性房地产重估、固定资产转换与并购重组三种路径提升银行资本，从而达到提升资本充足率的目的，但前两种方法却在一定程度上降低了杠杆率水平，且其市场实施效果也并不乐观。     

社会固定投资与居民福利量化关系模型分析

固定资本投资是流动资本投资的前提和基础，也是整个社会经济规模扩张与发展所必须依赖的重要物质基础。现期厂商的固定资本投资会直接导致本期总需求的增加，在保持总供求平衡的前提下，政府本期的调控货币投放规模将会相应减小，从而影响本期社会弱势居民的福利水平。     

城市公用事业公共定价与绩效管理

城市公用事业改革是当前我国经济体制改革的重点和难点。其改革不仅涉及到经营及运作模式的转变,也涉及到管理体制的转型。就各国公用事业管理的方法及经验来看,价格监管是其最重要的监管方式和手段之一。本文主要从公共管理的视角出发,借鉴和运用绩效管理的理论和方法,以公共定价为切入点,分析了我国城市公用事业的特征及现行定价机制中存在的问题,就如何完善我国城市公用事业公共定价机制提出了几点政策建议。     

The Adjustment Property

An input–output (IO) system which is capable of producing any semi-positive net product by an adequate choice of the activity levels of its processes satisfies the ‘adjustment’ property. We analyze under which conditions the adjustment property holds for IO systems in which some produced goods have a purely intermediate character. The peculiarity of these pure capital goods is that final demand for them is identically zero. One of the ways to deal with this type of system is to eliminate the pure capital goods, by means of vertical integration.     

Consumer Attitudes Important in Choosing Lawyers and Accountants According to Decision-Making Style

ABSTRACT

An empirical study, which examines the relationship between consumers' decision-making style and their attitudes toward areas considered important when selecting lawyers and accountants, is described. A scheme, which separates consumer decision-making into categories on the basis of systematic-spontaneous information-gathering and internal-external information-analysis dimensions, is proposed. The information-analysis dimension (internal-external) appears to be the decision-making dimension by which consumers choose legal and accounting services.     

浅谈固定资产清查方式

固定资产是企业生产经营的主要劳动资料,是企业开展生产经营活动的前提和基础,其规模数量和质量的高低对企业的生产能力和获利能力将产生重要的影响。