Panel LM unit root tests with level and trend shifts

This paper considers a Lagrange multiplier (LM) based panel unit root test that allows for heterogeneous structural breaks in both the intercepts and slopes of a series. We note that many popular time series variables are likely to exhibit changing means and/or trends over time. Given that the usual tests will depend on the nuisance parameters indicating the locations of the trend breaks, we adopt a transformation procedure that makes our new panel unit root tests invariant to the nuisance parameters. To illustrate the importance of the power gain provided by our test, we examine the convergence hypothesis using relative ratios of per capita health care expenditures in 20 OECD countries. Our results provide evidence that the convergence hypothesis is supported.     

货币政策的粘性均衡汇率效应模型及人民币汇率定价的弹性分析

本文以开放的宏观经济为框架、以厂商利润最大化为微观经济基础、以严格的数学推导为逻辑纽带、以粘性价格为理论依据、以购买力平价的微分冲击形式为理论基础，提出并构建了两国货币政策的粘性均衡汇率效应模型。应用模型，本文对1992～2002年的人民币粘性均衡汇率进行了定价，并对2003年的定价进行了预测。以定价汇率及其预测为标准，对1992～2003年的人民币汇率偏离与经常性项目的关系，进行了弹性分析。根据模型与实证分析，获得了一些重要结论。     

基于Miller-Orr模型的省级政府现金管理实证研究

现代国库制度的两项重要功能是,确保对预算执行过程的有效监控和对政府现金资源的妥善管理,而高效的现金管理系统对监控预算执行起着重要的支持性作用.在政府现金管理已逐渐为政府和理论界所关注的背景下,本文从政府现金管理的基本理论、本质及意义入手,以实际调研数据为基础,通过将西部某省2003-2005年的实际数据运用到修正的Miller-Orr模型中,较准确的测算出了2006年该省国库现金月余额的控制范围,为建立省级政府现金管理模式提供了有益的参考.     

基于UCOSII操作系统的解码功放耳放一体化研究

文章利用基于UCOSII操作系统通过VS1003音频解码器对SD卡里的MP3/WMA等格式的歌曲进行解码输出,并将歌曲文件等信息显示在TFTLCD屏上。电路中经过3.5 mm立体声插头等连接由LM1875制作的2.0声道的功放和由三极管、运放等元器件搭建的耳放电路,实现了STM32控制VS1003芯片输出并通过电路对音频信号的放大及滤波,性能良好。     

非线性时序模型LM检验的两类临界值检验统计功效比较

本文基于模拟方法比较了不同非线性时序模型的LM检验的功效和规模，同时也考虑一般化线性检验BDS检验参与比较，目的在于探讨蒙特一卡洛渐近法检验与自举法（bootstrap）检验的两类临界值的统计功效何者更为有效。通过实证与对比分析，结果表明，当样本小于200或自回归系数接近单位根，或者线性性检验是ARCHT或BDS时，就可以考虑应用自举法临界值而非渐近临界值。而且还发现，BDS检验仅在一般性上优于LM检验。     

一种基于ISD1760的公交车语音报站系统设计

设计了一种基于ISD1760语音芯片的公交车语音报站演示系统。主控芯片采用了基于首款采用ARM cortex M3内核的stellaris系列中具有代表性的LM3S811,通过ISD1760的独立按键模式录制语音信息,然后利用ISD1760的SSI模式接口和LM3S811同步串行端口连接通信,实现语音芯片按照主控芯片发送的信息组合语音片段,让语音芯片一定逻辑播放语音提示信息。搭建并调试了电路,结果表明,该系统能准确的进行语音报站。     

Testing the null hypothesis of no regime switching with an application to GDP growth rates

This paper presents tests for the null hypothesis of no regime switching in Hamilton’s (Econometrica 57:357–384, 1989) regime switching model. The test procedures exploit similarities between regime switching models, autoregressions with measurement errors, and finite mixture models. The proposed tests are computationally simple and, contrary to likelihood based tests, have a standard distribution under the null. When the methodology is applied to US GDP growth rates, no strong evidence of regime switching is found. I thank Don Andrews, Peter Phillips, Yuichi Kitamura, Anat Bracha, Patrik Guggenberger, Orit Whiteman and three anonymous referees for useful comments and suggestions.     

HYSTERESIS IN UNEMPLOYMENT REVISITED: EVIDENCE FROM PANEL LM UNIT ROOT TESTS WITH HETEROGENEOUS STRUCTURAL BREAKS

This paper applies the panel LM unit root tests with heterogeneous structural breaks in level by Im  et al. ( Oxford Bulletin of Economics and Statistics , 67 (2005), pp. 393–419) to re-examine the validity of hysteresis in the unemployment rates of 19 OECD countries. Our empirical findings are favourable to the stationarity of the unemployment rates, i.e., the unemployment hysteresis hypothesis is strongly rejected. Our results suggest that shocks to unemployment rates are temporary and soon converge when we control for breaks. A major policy implication of the study is that a fiscal or monetary stabilization policy would not have permanent effects on the unemployment rates of the 19 OECD countries.     

直流稳压电源及漏电保护装置设计

系统以MSP430F149单片机为主控电路。采用LM2599DC-DC升压电路和多个LM2940稳压,采集接负载电压、电流,通过单片机内部进行A/D转换,用LCD12864显示所测数值。系统由直流稳压电源电路、开关切换电路、漏电流保护电路、主控电路、显示电路构成。系统实现设计要求输出电压、电流;电压调整率小;负载调整率小;实时显示所测数值;漏电保护装置动作电路误差绝对值小、接入功耗小。     

《西方经济学》宏观部分若干概念错误与纠正——与厉以宁、朱善利、章铮等商榷

文章阐述了宏观经济学中几个重要的基本概念,指出了厉以宁先生主编的《西方经济学》一书中的几处基本概念表述的错误,并进一步作了纠正,欲与作者商榷。