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In this short paper we summarize and elaborate on a few well-known misconceptions that often occur when people conduct statistical hypothesis testing. For example, when the truthfulness of the null hypothesis is a random event and the formal hypothesis testing procedure cannot reject the null,...
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。债券平均规模与债券剩余期限的网络节点效应对债券未来风险溢价也有较大影响。从实证结果的政策含义上来看:一方面,准确、全面地披露城投债信息、管控城投债系统性风险,有助于维系债券市场价格信号的有效性,稳定债券市场;另一方面,在控制城投债风险溢价的过程中,政府需要重点关注风险溢价波动较高、债券发行数量较多的省份,同时也需要时刻关注债券的平均规模与剩余期限,在各省实行差异化的适应性金融政策,对深化金融供给侧结构性改革,维护脱贫攻坚成果具有重要意义。English abstract: As a barometer to measure the risk, the risk premia of bonds imply the risk of the bond market. When using the … parametric model to predict the risk premia, the external policies and the real-time changes of the economy not only will lead to … a more reasonable parameter modeling method to predict the future trend of bond risk premia. We find that, ①in the …
Persistent link: https://www.econbiz.de/10013231839
This paper examines the short-run and long-run neutrality of money using methodology suggested by King and Watson (1997) on quarterly data from South Korea and Taiwan (King and Watson (1997), Testing Long-Run Neutrality, Federal Reserve Bank of Richmond Economic Quarterly, 83(3), 69-103). A body...
Persistent link: https://www.econbiz.de/10008555932
Can extending social welfare expenditures promote economic growth? This issue has been discussed extensively, with some research pointing to net benefits while others find a net negative impact. Insight can be gained by careful analysis of several sub-questions. For example, for two countries...
Persistent link: https://www.econbiz.de/10008555977
Chinese Abstract: 摘要:中共中央政治局在 3 月 27 日召开会议中多次强调通过发行特别国债和地方债应对此 次疫情,助力复工复产。为保障“抗疫”的特别债券发行,需要研究并学习已发行债券的...
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mistake that the return of market portfolio is assumed to be exogenous, the risk-return characteristics is a concept from the …
Persistent link: https://www.econbiz.de/10012853093
Chinese Abstract: MM 命题的最大贡献是提出完美市场假设和使用套利证明方法。本文回顾了完美市场假设和无套利原理,然后对 MM...
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