我国反通货紧缩政策的成效与思考

论文回顾了我国近几年来反通货紧缩货币政策的成效 ,剖析了影响货币政策成效的制约因素 ,并提出了减税、扩大政府支出、降息等政策主张。     

External Dependent Economy and Structural Real Estate Bubbles in China

This study explores the relationship between external dependent economic structure, surplus monetary liquidity and real estate bubbles in China. Employing monthly data from 28 Chinese provinces over the period 2004-2005, we test whether real estate bubbles are caused by structural surplus monetary liquidity, ccontrolling other possible factors. Our empirical findings show that the growth of private savings in the banking sector, as an index of surplus monetary liquidity, ferments real estate bubbles regardless of the different development level across the 28 provinces.     

KCV与LC之间的内在机理分析

本文从客户满意、感知效果等概念的定义入手,首先推导出客户满意、顾客感知效果和关键客户价值三者之间的函数表达式,然后运用“顾客感知服务质量”理论和“效益背反”定律探讨客户满意、感知效果、物流服务水平和物流成本四者之间的变动关系。在此基础上,通过逻辑关系推理,探讨得知关键客户价值与物流成本之间的内在波动关系。     

Rational panics and stock market crashes

This paper offers an explanation for stock market crashes which focuses on the role of rational but uninformed traders. We show that uninformed traders can precipitate a price crash because as prices decline, they surmise that informed traders received negative information, which leads them to reduce their demand for assets and drive the price of stocks even lower. The model yields several implications, such as that crashes can occur even when the fundamentals are strong, and that the magnitude of the crash depends on the fraction of uninformed investors and the amount of unsophisticated passive investing present in the market.     

Detecting long‐run relationships in regional house prices in the UK

Recent developments in the analysis of cointegration in the presence of asymmetric adjustment are extended and applied to data on regional house prices in the UK. This extension is found to have a dramatic impact upon the results derived. In contrast to recent studies employing standard methods, allowance for the possibility of asymmetric behaviour results in the detection of a large number of long‐run relationships between house prices in different regions. A consistent pattern of asymmetric adjustment is observed, with reversion to equilibrium occurring more rapidly (slowly) when house prices in the South of England decrease (increase) relative to other regions. While the results derived support the existence of a ripple effect underlying the observed movements in regional house prices, the extent of cointegration uncovered casts doubt upon the recently proposed notion of weak segmentation in the UK housing market.     

Demographic Effects of Work Values and Their Management Implications

A survey of 316 participants from Chinese enterprises indicated that the level of their work values was more likely in line with increasing age and education, and associated with employment position and gender. The older the employees, the higher the work values they perceive. The higher the education one receives, the higher the work values he or she counts. Managers rate higher work values than the employees do, and male employees show higher work value perceptions than do those of females. The results of the study suggest that the employees’ age, education, position and gender are important antecedents of work values, and these demographic effects can be a good revelation to enterprise management in both theory and practice.     

Measuring Barriers to International Division of Labor in East Asia*

International fragmentation has developed dramatically in East Asia since the 1990s. The purpose of the present paper is to measure border barriers in transactions of intermediate goods in East Asian countries. We find that the barriers in each country have steadily declined since 1985. The barriers in China and Taiwan have declined remarkably since the 1980s, whereas those in Indonesia experienced a slight increase in the 1980s. These results are qualitatively unchanged even if we control the effect of agglomeration on intra‐national inputs.     

体系与效果的辨证——民国时期江宁实验县乡村合作运动运作效果考析

为了改善农村金融、复兴农村经济,江宁实验县引入了合作运动,并为此建立了一套比较完备的合作体系,成为合作运动的运行基础,然而体系完备并不意味着就能达到它的预设目标,主观预设和客观效果之间必然存在一定的差异,因为这场运动所能达到的实际效果不仅取决于运动推广者的主观努力,也受制于当时客观的时代环境。作为一场经济运动,江宁的乡村合作运动在客观上还是取得了一定的社会经济效果,但从总体上来看,其效果又是有限的,乡村社会经济并未因此而发生太大的结构性变动。     

一款基于凌阳61单片机的汽车弯道会车雷达设计

介绍了一款3cm微波汽车弯道会车雷达的设计方案。该雷达以凌阳61单片机为核心，充分利用凌阳61单片机的DSP处理功能和语音处理功能。该装置安装在行驶的汽车上，使行驶的汽车在弯道处能自动探测出前方行驶车辆，有效避免汽车出现会车险情。该装置结构简单，灵敏度高，适用于行驶在山区公路的各种汽车。     

对设立职工基本医疗保险个人帐户的质疑

本文介绍了认股权证与普通买入期权的差异 ,分析认股权证的主要功能 ;通过对影响认股权证价格的六个因素进行讨论 ,最后对认股权证的几种定价方法进行讨论和比较。