Reviews

Andersen, P. K., Borgan, O., Gill, R. D. and Keiding, N. Statistical Models based on Counting Processes
Anderson, T. W. and Finn, J. D. The New Statistical Analysis of Data
Azzalini, A. Statistical Inference—based on the Likelihood
Borodin, A. N. and Salminen, P. Handbook of Brownian Motion—Facts and Formulae
Brockwell, P. J. and Davis, R. A. Introduction to Time Series and Forecasting
Chapman, M. and Wykes, C. Plain Figures
Clarke, G. M. and Kempson, R. E. Introduction to the Design and Analysis of Experiments
Goldstein, H. and Lewis, T. (eds) Assessment: Problems, Developments and Statistical Issues; a Volume of Expert Contributions
Grenander, U. Elements of Pattern Theory
Högnäs, G. and Mukherjea, A. Probability Measures on Semigroups
Levitas, R. and Guy, W. Interpreting Official Statistics
van der Linden, W. J. and Hambleton, R. K. (eds) Handbook of Modern Item Response Theory
Ross, S. M. Simulation
Simonnet, M. Measures and Probabilities
Small, C. G. The Statistical Theory of Shape
van der Vaart, A. and Wellner, J. A. Weak Convergence and Empirical Processes with Applications to Statistics     

立足财经类院校培养管理型统计学专业人才

高校(本科)的统计学专业,在办学方向、培养目标和课程体系设置等等方面,应允许其各具特色。古今中外,社会经济领域的统计具有明显的管理特征。财经类院校应培养社会各行业所需要的管理型统计学专业人才,其培养目标和课程设置应密切结合统计学与经济学、管理学等财经类学科的相互联系和相互渗透现状和发展趋势来制定,加强学生管理能力和专业技能的培养。     

中国商业银行发展碳金融的风险及防范措施

商业银行应该发展碳金融,但其发展过程中存在较多风险,针对这些风险,可以采取以下几条措施防范：建立并完善法律体系,规避法律风险;制定稳定的政策制度,降低政策风险;构建完善的内控体系,管理和控制经营风险;多渠道培养专业人才,解决人才风险;建立并健全的碳金融市场,减少市场环境风险。     

未观测金融对货币供应量的影响分析

利用1991—2011年的经济数据,测算出未观测金融规模,并进一步分析了未观测金融对货币供应量的影响。实证结果显示：未观测金融规模对货币供应量有着显著的影响;未观测金融规模扩大倒逼货币供给增加;未观测金融可以减轻货币供给增发的压力。上述结论表明,政府在制定货币政策时应重视未观测金融对货币供应量的影响。     

Sample Selection and Treatment Effect Estimation of Lender of Last Resort Policies

This article develops a framework for estimating multivariate treatment effect models in the presence of sample selection. The methodology deals with several important issues prevalent in policy and program evaluation, including application and approval stages, nonrandom treatment assignment, endogeneity, and discrete outcomes. This article presents a computationally efficient estimation algorithm and techniques for model comparison and treatment effects. The framework is applied to evaluate the effectiveness of bank recapitalization programs and their ability to resuscitate the financial system. The analysis of lender of last resort (LOLR) policies is not only complicated due to econometric challenges, but also because regulator data are not easily obtainable. Motivated by these difficulties, this article constructs a novel bank-level dataset and employs the new methodology to jointly model a bank’s decision to apply for assistance, the LOLR’s decision to approve or decline the assistance, and the bank’s performance following the disbursements. The article offers practical estimation tools to unveil new answers to important regulatory and policy questions.     

Deterministic models for premature and postponed replacement

We examine the possibilities of premature and postponed replacement in a deterministic infinite horizon model when there is technological progress. Both revenue and operating cost deteriorate with age, but at different rates. The optimal deterministic replacement time is an implicit solution from the timing boundary obtained for the equivalent real option model using a dynamic programming framework, and then by setting the underlying volatilities equal to zero. A step change improvement characterizing technological progress in the initial operating cost level for the successor occurring during the economic lifetime of the incumbent justifies premature replacement, compared to the traditional present value approach. This finding can be extended to step change improvements in the initial revenue level for the successor and for the re-investment cost. In contrast, if the technological progress can be characterized by a constant declining rate for the initial operating cost level for the successor, then the replacement is postponed for certain parameter values. This finding can be extended to different assumed improvement rates in the initial revenue level for the successor and for the re-investment cost.     

Economic order quantity model with trade credit financing for non-decreasing demand

Researchers in the past have established their inventory lot-size models under trade credit financing by assuming that the demand rate is constant. However, from a product life cycle perspective, it is only in the maturity stage that demand is near constant. During the growth stage of a product life cycle (especially for high-tech products), the demand function increases with time. To obtain robust and generalized results, we extend the constant demand to a linear non-decreasing demand function of time. As a result, the fundamental theoretical results obtained here are suitable for both the growth and maturity stages of a product life cycle. In addition, we characterize the optimal solutions and obtain conclusions on important and relevant managerial phenomena. Lastly, we provide several numerical examples to illustrate the proposed model and its optimal solution.     

Bivariate Time Series Modeling of Financial Count Data

A bivariate integer-valued moving average (BINMA) model is proposed. The BINMA model allows for both positive and nagative correlation between the counts. This model can be seen as an inverse of the conditional duration model in the sense that short durations in a time interval correspond to a large count and vice versa. The conditional mean, variance, and covariance of the BINMA model are given. Model extensions to include explanatory variables are suggested. Using the BINMA model for AstraZeneca and Ericsson B, it is found that there is positive correlation between the stock transactions series. Empirically, we find support for the use of long-lag bivariate moving average models for the two series.     

财政支出视角下发达国家基础教育服务均等化及启示

公共服务均等化是当今世界政府公共管理的重要目标。基础教育服务均等化是公共服务均等化的重要内容,是实现社会公平的重要手段和途径。基于国际视野下的公共财政支出角度,分析了发达国家基础教育服务均等化的经验做法。在以河南的典型数据为参考蓝本对基础教育服务进行现实考察的基础上,从财政公平目标出发,提出了我国实现基础教育服务均等化的基本思路。     

公共事件政府出资行为分析

我国公共事件政府出资行为有处置性出资行为、资助性出资行为和代为赔偿性出资行为三类.政府出资行为是行政给付行为,也是替代性行为.公共事件政府出资的依据是事件紧急性和保障公民适当生活水准权利.应当从实体法和程序法两个方面控制政府出资行为,政府出资范围、对象和标准须符合法律规定.我国应当培育社会自治能力,增加社会化解风险的能力,逐渐减少政府出资行为.