• LPR改革的国际比较、我国存在问题及政策建议

  2019年8月,央行启动贷款市场报价利率(LPR)改革,贷款端“利率并轨”工作正式完成。本文回顾LPR的历史沿革,介绍美国、日本等经济体LPR改革及发展情况,分析我国LPR改革的进展、问题与前景,提出以下展望和建议:一是LPR在我国仍是过渡性定价机制,伴随利率市场化改革推进,金融市场间的藩篱将逐步打通,定价基准可能会替代为更加市场化的利率品种。二是监管部门可考虑放松对银行存款考核和同业负债占比限制,并择时择机降低法定存款准备金率,多措并举降低银行负债成本。三是央行可考虑增加MLF利率波动,有升有降增大MLF弹性,防止市场形成“大水漫灌”预期。四是商业银行需更好平衡资产负债关系,理顺内部利率传导...

  2019.12.09
• The Limits of Career Concerns in Federalism: Evidence from China

  Abstract Performance-based promotion schemes in administrative hierarchies have limitations. Chinese provincial leaders, despite facing strong career concerns, make different policy decisions depending on their career backgrounds. Provincial party secretaries who rose from low to high positions wit...

  2015.03.12
  • 140000_The Limits of Career Concerns in Federalism-Evidence from China_STANFORD.pdf
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    ..PAGE:1 Working Paper No 529. The Limits of Career Concerns in Federalism: Evidence from China by Petra Persson Ekaterina Zhuravskaya December 2014 Stanford University John A. and Cynthia Fry Gunn Building 366 Galvez Street | Stanford, CA | 94305-6015 ..PAGE:2 TheLimitsofCareerConcernsinFederalism:...

• Asia-Pacific Integration with China vs. the United States: Examining trade patterns under heterogeneous agricultural sectors

  Abstract This article compares the effects on global agricultural trade patterns of Asia-Pacific regional economic integration led by the United States versus that by China. Our analysis employs a Eaton-Kortum type model in which agricultural producers have access to technology with heterogeneous p...

  2015.06.04
  • Asia-Pacific integration with China vs. the.pdf
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    ..PAGE:1 Asia-PacificIntegrationwithChinavs.theUnitedStates: Examiningtradepatternsunderheterogeneousagriculturalsectors KariE.R.Heerman,ShawnAritaandMunisamyGopinath USDA-ERS,355EStreetSW,Washington,D.C.20024 Theviewsexpressedherearethoseoftheauthor(s), andmaynotbeattributedtothe EconomicResearchSer...

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