由政府4万亿投资所想到

2008年11月5日国务院出台了4万亿的经济刺激方案,又提出了通过扩大内需的战略来削减国外金融危机冲击和国内经济周期的不利影响。文章通过回顾1998年以来我国实行积极的财政政策所取得的成效,认为对于我们认识和优化当前积极的财政政策和深化扩大内需的战略有着重要的借鉴意义。     

Economic Capacity Utilization and its Determinants: Theory and Evidence

This paper develops and estimates a model of economic capacity utilization and its determinants by allowing for the firm's full optimization behavior that considers endogenous output choice. The model consists of deriving the short-run output supply function and the capital demand function which generate optimal and capacity output. Optimal capacity utilization is determined as the ratio of optimal to capacity output and its determinants are identified. Evidence from U.S. manufacturing shows that capital expansion not accompanied by market growth and higher materials and capital prices has contributed to lower capacity utilization. Energy price increases have exerted a stimulating impact on capacity utilization. Conventional capacity utilization measures are found to be biased and fail to capture the influences of changes in economic conditions facing firms.     

全球黄金供需结构概览与趋势回顾

文章以2000-2009年为考察区间,回顾了该期间内全球黄金供给与需求的总体情况,并按供需类别分别从黄金投资、矿产金供应、再生金供应与黄金制造业需求等方面详细介绍了各项黄金供需的走势及地域分布,以期为读者了解全球黄金供需结构全貌及其变化趋势提供参考。     

香港金融体系对大陆金融体系的重要性(英文)

本文由上海要建立国际化的金融中心开始,讨论了香港金融市场现在的优势,以及香港金融市场对中国金融体系改革的重要性,在本文的最后,作者给出了结论。     

对防止国有资产流失的探讨

对防止国有资产流失的探讨于利民当前，国有资产流失严重，已成为现实经济工作中的一个急待解决的问题。本文试就这个问题）谈一点看法。国有资产的流失表现在诸多方面：如中外合资时，对中方资产不按规定进行评估，中方资产作价过低；在股份制改造中，国家股与其它股同股...     

A Value at Risk Approach to Background Risk

This paper studies the effects of an uninsurable background risk (BR) on the demand for insurance (proportional and with deductible). We study both the case of BR uncorrelated with the insurable one and the perfectly correlated one, in a Gaussian world. In order to perform our study, we exploit the new risk measure known as Value at Risk (VaR) and consider insurance contracts which are Mean-VaR efficient. We obtain results which depend on the parameters (moments) of both risks and on the magnitude of loadings charged by the insurance company, instead of depending on the risk attitudes of the insured, such as risk aversion and prudence.We demonstrate that, if loadings are not too high, the demand for insurance increases with positively correlated BR; it decreases with BR negatively correlated if the latter is less risky than the insurable one (in this case it can even go to zero, if loadings are too high); it goes to zero with BR which is negatively correlated and more risky than the insurable one.     

农户贷款证券化：结构设计与信用增级

农户贷款证券化为农户贷款经营机构健康持续从事农户信贷提供了一种可行的资本补充与风险管理工具,从传统的资产证券化结构设计看,农户贷款特质决定了它基于不脱离发起人信用的参与式交易结构,并需要通过独立于贷款本身的增级方式——通常是多种方式的组合——来增强债券保障程度,其中,政府机构可以通过提供低成本外部增级扶持和改善发起人的农户贷款经营行为。     

对大学生到村任职的思考

大学生当村官是加强农村基层组织建设,培养有知识有文化的新农村建设带头人的需要,是培养具有坚定理想信念和奉献精神,对人民群众有深厚感情的后备干部的需要,是转变就业观念和实现自身价值的需要,是建设社会主义新农村、全面实现小康社会奋斗目标的必然选择。因此,大学生到农村当村官意义重大。     

Performance measurement in universities: ambiguities in the use of quality versus quantity in performance indicators

Performance measurement (PM) is now common in Western universities. This is also the case in Finland, where a new funding scheme was implemented to ensure that quality was included in universities’ PM. However, this paper shows that the quality indicators in use are, in practice, quantitative. The paper is based on a large survey and has implications for university PM systems in Finland and internationally.