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An empirical model is presented linking inflation and unemployment rate to the change in the level of labour force in Switzerland. The involved variables are found to be cointegrated and we estimate l...
外汇储备是重要的金融纽带,它连接着国内金融与国际金融的发展,而物价水平在中国国内经济活动中,已经被广大的国民接受,它作为重要指标开始出现在我们生活中的每个角落。本文从短期影响和长期影响两个角度,将简单的理论和实证相结合分析,用计量经济模型来分析探讨两者的关系及其影响,并通过这些影响产生的原因来分析中国的经济,并提出一点建议。
在世界经济动荡发展的年份中,我国外汇储备急剧增长。我国外汇储备的过剩是历史事件的积累,是各种因素共同作用的结果。本文简要分析了我国外汇储备过剩原因及不利局面,并以德国作为类比阐述我国脱离外汇储备过剩困境的发展趋势。
A quantitative model is presented linking the rate of inflation and unemployment to the change in the level of labor force. The link between the involved variables is a linear one with all coefficient...
I provide a brief and non-technical introduction to the 2005 round of the International Price Comparison Program. I explain why it is necessary to collect prices around the world, and why the 2005 rou...
This paper describes an empirical study of shortfall optimization with Barra Extreme Risk. We compare minimum shortfall to minimum variance portfolios in the US, UK, and Japanese equity markets using ...
This paper was motivated by the need to establish the impact of importation into Nigeria and its main objectives were to find out the significant relationships between the official and parallel exchan...
面对中国制造业企业发挥竞争情报作用的现状, 论述了竞争情报和制造业企业的定义; 探讨了竞争情报在中国制造业企业中的六种推动作用。针对现状, 提出了解决这一现状问题的对策, 如开员工竞争情报主题会和培训班、聘请国内外专家参加企业的竞争情报工作和培训工作、 提高信息技术, 抢占新科技的制高点、 加强专利专题数据库建设和开展三网融合等。
Chile (1996)The Chile National Committee on Theoretical and Applied Mechanics Academia Chilena de CienciasAlmirante Montt 454, Santiago, Chile President/Chair: Dr. F. (Francisco) Rothhammer Engel Secr...
This paper studies the utility maximization problem with changing time horizons in the incomplete Brownian setting. We first show that the primal value function and the optimal terminal wealth are co...
Completeness of the eigenfunctions of a quantum mechanical system is crucial for its probability interpretation. By using the method of contour integral we give properly normalized eigenfunctions for ...
The origin of economic crises is a key problem for economics. We present a model of long-run competitive markets to show that the multiplicity of behaviors in an economic system, over a long time scal...
We revisit the problem of maximizing expected logarithmic utility from consumption over an infinite horizon in the Black-Scholes model with proportional transaction costs, as studied in the seminal p...
Path Integral and Asian Options     Path Integral  Asian Options       2010/10/21
In this paper we analytically study the pricing of the arithmetically averaged Asian option in the path integral formalism. By a trick about the Dirac delta function, the measure of the path integral...
In this paper we present qualitative and quantitative comparison of various analytical and numerical approximation methods for calculating a position of the early exercise boundary of the American pu...

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