More Facts about Prices: France Before and During the Great Recession

Using microprice data, we document new facts on price rigidity in France: (i) each month 20.1% of prices are changed, which compares to 24.1% in the United States—excluding sales, however, the fraction of prices modified each month is about the same in France and in the United States (around 17%); (ii) the distribution of price changes is quite dispersed; (iii) the frequencies of price increases and decreases contribute a lot to inflation variations, and price increases are more frequent in January (even when sales are excluded); (iv) sales contribute significantly to the volatility of inflation but play a minor role in the transmission of macroeconomic fluctuations to prices; and (v) during the Great Recession patterns of price adjustment were only slightly modified.     

电子货币影响短期利率的实证研究:基于狭义电子货币的视角

基于电子货币的狭义定义,本文从狭义电子货币影响货币供求的角度选择影响短期利率的解释变量并构建理论模型。在控制其他影响因素后,发现狭义电子货币对30天期Chibor利率的直接影响并不显著,而主要受传统货币电子化、移动网络等支付技术发展影响的变量,如货币供给流动性、金融电子化程度以及现金漏损率与30天期Chibor利率之间存在长期协整关系,货币供给流动性、金融电子化程度以及现金漏损率对30天期Chibor利率的影响方向均为正。     

我国奢侈品税的政策效应分析

2006年4月,中国调整了消费税税目,将部分游离于消费税之外的奢侈品纳入了课税范围,其目的在于调节贫富差异,促进社会公平。究竟能否达到政策目标,由于改革时日尚短,缺乏足够的数据资料,难以进行实证检验。因此,本文主要从经济学理论方面进行分析和探讨,预期在中国当前的现实状况下,奢侈品税不仅难以缩小贫富差距,相反,还很有可能遏制国内新兴产业的发展。     

贸易战略选择:一般情形与大国情形

发展中国家普遍具有的二元经济结构的特征决定了这些国家经济发展的一个根本途径就是实行工业化。可供选择的实现工业化的手段包括出口促进和进口替代战略,而不同战略的业绩比较一直是学者们争论的焦点。文章通过一个简单的三部门模型,讨论了一般情况下不同贸易战略的绩效,并讨论了大国条件下不同贸易战略选择的特殊性以及有关我国贸易战略选择的问题。     

国家审计与内部控制对国企资产价值的作用研究——基于保值增值视角

选取2007—2017年上市中央企业集团作为研究对象,实证检验国家审计、内部控制对国有企业资产保值增值的影响作用以及两者之间的协同联动效应。研究结果表明,国家审计、内部控制可以督促国企资产实现保值增值,且两者在促进国企资产保值增值中存在替代效应。进一步研究发现,国家审计对国企资产保值增值的作用存在滞后效应和地区异质性。通过影响机制研究发现,替代效应中混杂着内部控制充当中介变量的中介效应,并且高质量的内部控制与国家审计对国企资产保值增值的替代关系不仅体现在国家审计的整体政策净效应上,还体现在国家审计的各个细分层面内容上。     

FDI对国际贸易的互补与替代效应:基于我国主要贸易伙伴的平行数据实证研究

将我国主要贸易伙伴按贸易方式、商品结构及地理距离分成三组,分别使用平行数据的截面SUR方法对各组与我国出口额、进口额和上年FDI、截至上年的累积FDI及当年GDP总和进行回归分析,发现短期内,第一组FDI对国际贸易起互补效应,第二组起替代效应,第三组效应不明显.在长期,三组数据的累积FDI对国际贸易均有显著促进效应.     

On Professor Takashi Negishi's contributions to economic theory

Professor Takashi Negishi has made fundamental contributions to economic theory on an extremely broad range of topics. As the editors of this special issue, we feel extremely fortunate that each of us has worked on topics with respect to which Professor Negishi's influences have been particularly large. In this introductory article, each of us will discuss Professor Negishi's influence on the topic we are most familiar with. For the entire spectrum of his research, readers are referred to the list of Professor Negishi's publications presented at the end of this article.     

Macroeconomic effects of an indirect tax substitution

We study an indirect tax reform in a general equilibrium model with imperfect competition for both the Cournot and the Free entry equilibria. We show that it is possible to attain a positive balanced budget multiplier by means of a substitution of specific by ad valorem taxation. Moreover, although any tax substitution causes higher prices and the flow up of firms in the long-run, the Free entry equilibrium output can increase with respect to that of the Cournot equilibrium. Finally, in contrast with the partial equilibrium, welfare decreasing tax reforms are likely to occur even when the balanced budget multiplier is positive.      

Consumer durables and the marginal propensity to consume out of permanent income shocks

This paper derives and estimates a model in which the utility of durable and non-durable consumption is allowed to be non-separable and individuals face a convex adjustment cost for the purchase of a new durable good. Panel data on subjective expectations allow us to identify income shocks and estimate the marginal propensity to consume out of permanent income shocks.     

木材节约代用理论述评

在讨论了木材节约代用基本涵义的基础上,总结了中国木材节约代用的历史发展,提出了当前中国发展木材节约代用的背景,介绍了国内外木材节约代用理论,并根据作者对木材节约代用的认识,对国内外木材节约代用理论进行了比较和评价。