Some policymakers and academic researchers suggest that relaxing the exchange rate regime will increase the independence of Chinese monetary policy. To test this argument, we estimate spot interest rate models with dummy variable sets and derive an economic interpretation. The empirical results...

This paper investigates the effectiveness of using securities class action lawsuits in monitoring defendant firms by institutional lead plaintiffs from two aspects: (1) immediate litigation outcomes, including the probability of surviving the motion to dismiss and the settlement amount, and (2)...

Human diseases developed during pregnancy could be caused by the direct effects of both maternal and fetal genes, and/or by the indirect effects caused by genetic conflicts. Genetic conflicts exist when the effects of fetal genes are opposed by the effects of maternal genes, or when there is a...

Based on the revision of the Methods for Urban Plan Formulation and the Technical Guidelines of Environmental Impact Assessment for Urban Master Plan (in draft), this paper proposes a management framework for Strategic Environmental Assessment (SEA) of Urban Plans. In this context, the urban...

Two empirical regularities in the beef-cattle sector have been observed for a long time. First, the time-series for cattle stock exhibits strong cyclicity with a period of several years. Second, beef supply seesms to be negatively related to price. The authors attempt to gain insight into the...

The time-series properties of cattle production in three countries with different technologies, Argentina, the United States, and Uruguay, are studied in order to shed light on the role of technology in the dynamics of the cattle sector. Four series are analyzed for each country, slaughter,...

This paper addresses the problem of finding optimal paths in a network where all link travel times are stochastic and time-dependent, and correlated over time and space. A disutility function of travel time is defined to evaluate the paths, and those with the minimum expected disutility are...

This paper investigates the impact of seventeen US macroeconomic announcements on two broad and representative commodity futures indices. Based on a large sample from 1989 to 2005, we show that the daily price response of the CRB and GSCI commodity futures indices to macroeconomic news is...