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  • 1
    Online Resource
    Online Resource
    [Erscheinungsort nicht ermittelbar] : eScholarship, University of California
    UID:
    (DE-627)1803890711
    Content: This dissertation studies the relationship between the term structure of interest rates, monetary policy, and macroeconomy. The first chapter, A Parsimonious No- Arbitrage Term Structure Model that is Useful for Forecasting, offers a solution to a well-known puzzle in the term structure literature. The puzzle is that while the level, slope and curvature (or the first three principal components of yields) can quite accurately summarize the cross-section of yields at any point in time, different functions of interest rates and other macroeconomic variables appear to be helpful when the goal is to predict future interest rates. My paper proposes a parsimonious representation to capture this feature in a large dataset. In the first step, I run reduced rank regressions of one-year excess returns on a panel of 131 macroeconomic variables and initial forward rates from 1964 to 2007. I find that a single linear combination of macroeconomic variables and forward rates can predict excess returns on two- to five-year maturity bonds with R- squared up to 0.71. The forecasting factor subsumes the tent-shaped linear combination of forward rates constructed by Cochrane and Piazzesi (2003) and explains excess returns better. In the second step, I estimate a restricted Gaussian Affine Term Structure Model (GATSM) with the level, slope and curvature commonly used by most term structure models along with the forecasting factor. Restrictions are derived based on the fact that while cross-sectional information in yields is spanned by the level, slope and curvature, cross-sectional information in expected excess returns is spanned by the forecasting factor. Compared with a conventional GATSM only including the level, slope and curvature, the restricted four-factor GATSM generates plausible countercyclical term premia. The second and third chapter focus on the recent zero lower bound (ZLB) period. In the second chapter, Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound, coauthored with Cynthia Wu, we employ an approximation that makes a nonlinear shadow rate term structure model (SRTSM) extremely tractable for analysis of an economy operating near the zero lower bound for interest rates. We show that such a model offers a better description of the data compared to the widely used GATSM. Moreover, the model can be used to summarize the macroeconomic effects of unconventional monetary policy at the ZLB. Using a simple factor-augmented vector autoregression (FAVAR), we show that the shadow rate calculated by our model exhibits similar dynamic correlations with macro variables of interest in the period since 2009 as the fed funds rate did in data prior to the Great Recession. This result gives us a tool for measuring the effects of monetary policy under the ZLB, using either historical estimates based on the fed funds rate or less precisely measured estimates inferred solely from the new data for the shadow rate alone. We show that the Fed has used unconventional policy measures to successfully lower the shadow rate. Our estimates imply that the Fed's efforts to stimulate the economy since 2009 have succeeded in lowering the unemployment rate by 0.13% relative to where it would have been in the absence of these measure. The third chapter, Effects of Unconventional Monetary Policies on the Term Structure of Interest Rates, offers a complete characterization of effects of unconventional monetary policies on interest rates by examining policies' impacts on the whole yield curve. I make use of the SRTSM to summarize all interest rates with factors of lower dimension so that I can capture responses of all interest rates in a parsimonious way. By investigating how policy announcements affect the three factors and then the whole forward curve accordingly, I find that during the ZLB period, forward rate with short maturities are constrained, while forward rates with long maturities still respond to policy announcements. Following each easing (tightening) policy announcement, long forward rates would decrease (increase) by 10 basis points on average
    Note: Dissertation eScholarship, University of California 2014
    Language: Undetermined
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  • 2
    Online Resource
    Online Resource
    Beijing : China Intercontinental Press | Ann Arbor, Michigan : ProQuest
    UID:
    (DE-603)453420168
    Format: 1 Online-Ressource (49 pages)
    ISBN: 9787508533612
    Content: 基层领导干部、基层新闻发言人应该如何与媒体打交道?如何做好舆情分析研判?如何在突发事件中引导舆论?如何做好新闻发布?如何通过新闻发布工作推进政务公开和树立地方形象品牌?《基层新闻发言人实践》一书作者以一名多年从事基层新闻策划、新闻发布工作者的视角,对这些问题作出了独到回答。书中阐述了建立基层新闻发言人制度的必要性,分析探讨了基层新闻发言人重点工作,以及基层领导干部如何增强回应社会关切能力、提升执政形象品牌塑造,在当下对基层领导干部和宣传工作从业者具有一定指导意义。.
    Note: Description based on publisher supplied metadata and other sources
    Additional Edition: 9787508533612
    Language: Chinese
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  • 3
    Online Resource
    Online Resource
    Beijing : China Intercontinental Press
    UID:
    (DE-627)1696177936
    Format: 1 online resource (49 pages)
    ISBN: 9787508533612
    Content: 基层领导干部、基层新闻发言人应该如何与媒体打交道?如何做好舆情分析研判?如何在突发事件中引导舆论?如何做好新闻发布?如何通过新闻发布工作推进政务公开和树立地方形象品牌?《基层新闻发言人实践》一书作者以一名多年从事基层新闻策划、新闻发布工作者的视角,对这些问题作出了独到回答。书中阐述了建立基层新闻发言人制度的必要性,分析探讨了基层新闻发言人重点工作,以及基层领导干部如何增强回应社会关切能力、提升执政形象品牌塑造,在当下对基层领导干部和宣传工作从业者具有一定指导意义。.
    Content: 封 -- 扉 -- 目录 -- 作 简介 -- 前 -- 第一章 基层新 发 人制度建立的必 性 -- 一、建立基层新 发 人制度是 应时代发展的 -- 二、建立基层新 发 人制度是 应公众知情权的 -- 三、建立基层新 发 人制度是 实深化改 与社会治理体系建 的 -- 四、建立基层新 发 人制度是 应媒体发展的 -- 五、建立基层新 发 人制度是保持和发展党的先 性的必然 求 -- 六、基层新 发 人与国家 委新 发 人存在的差异 -- 第二章 如何 好基层新 发 人 -- 一、出 的基层新 发 人必备条件 -- 二、出 的基层新 发 人应 具备五种 力 -- 三、地方党委、政府 全方位关心基层新 发 人的成 -- 第三章 基层新 发 人如何 对当下的 环境 -- 一、基层新 发 人必 新媒体时代的网络 -- 二、基层新 发 人 在复杂的 环境中把握 己的立场 -- 第四章 基层新 发 人如何发挥好主动作用 -- 一、基层新 发 人 积极推动地方政务信息公开 -- 二、基层新 发 人 积极主动回应社会关切 -- 三、基层新 发 人 围绕地方中心工作积极传播正 -- 四、基层新 发 人 当好地方形 品牌塑 的策划师 -- 五、基层新 发 人 够充分挖掘潜 使发布内容"N"次再传播 -- 六、基层新 发 人 打 好 己的"两个翅 " -- 七、基层新 发 人 当好媒体的"厨师 " -- 第五章 基层新 发 人如何处理与媒体的关系 -- 一、 尊 新 、善待媒体 -- 二、在 前 一定 摆正受 的位置 -- 三、基层新 发 人 学会给 故事 -- 四、基层新 发 人如何 对外国 -- 五、基层新 发 人如何 对网民"爆料" -- 第六章 基层新 发 人如何做好 情分析 -- 一、分析 情 是为有效引导 -- 二、 情的收 -- 三、 情的具体分析 -- 第七章 基层新 发 人如何处置突发事件 -- 一、突发事件处置的原则 -- 二、突发事件处置 程的特例 -- 三、突发事件处置现场 管理应注意的事 -- 第八章 基层新 发 人如何做好新 发布 -- 一、新 发布会前的必 准备 -- 二、新 发布会的形式和注意事 -- 三、把握新 发布会场的各个环 -- 四、如何把握新 发布会的氛围 -- 第九章 基层新 发 人如何把握发布 技巧 -- 一、基层新 发 人 技巧的六个坚持 -- 二、基层新 发 人的 为 技巧 -- 第十章 危机后基层新 发 人如何做好形 修复工作 -- 一、打 正 的 热点 吸引媒体、公众关注 -- 二、无形的 情怎么办 -- 三、 危机后的形 修复 持之以恒 有系统的 划 -- 四、基层新 发 人 当好地方形 塑 与维护的 -- 后 -- 版权 -- 封底.
    Note: Description based on publisher supplied metadata and other sources
    Additional Edition: 9787508533612
    Additional Edition: Erscheint auch als Druck-Ausgabe 9787508533612
    Language: Chinese
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  • 4
    UID:
    (DE-627)185051576X
    ISSN: 1573-7179
    In: Review of quantitative finance and accounting, Dordrecht [u.a.] : Springer, 1991, 60(2023), 4 vom: Mai, Seite 1429-1449, 1573-7179
    In: volume:60
    In: year:2023
    In: number:4
    In: month:05
    In: pages:1429-1449
    Language: English
    Keywords: Aufsatz in Zeitschrift
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  • 5
    Book
    Book
    Nan ning : Guang xi ren min chu ban she
    UID:
    (DE-627)161045362X
    Format: 2, 3, 2, 3, 282 p.
    Original writing title: 企業經營管理經典案例評點 : 人才開卷
    Original writing publisher: 南寧 : 廣西人民出版社
    ISBN: 7219034849
    Series Statement: "Qi ye jing ying guan li jing dian an li ping dian" cong shu
    Language: Chinese
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  • 6
    UID:
    (DE-627)831994150
    Format: graph. Darst.
    ISSN: 0143-2095
    In: Strategic management journal, Chichester [u.a.] : Wiley, 1980, 36(2015), 4 vom: Apr., Seite 576-585, 0143-2095
    In: volume:36
    In: year:2015
    In: number:4
    In: month:04
    In: pages:576-585
    Language: English
    Keywords: Aufsatz in Zeitschrift
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  • 7
    UID:
    (DE-101)1292870184
    Format: Online-Ressource
    ISSN: 1521-4095
    Content: Abstract: In this review a strategy for the design of bioinspired, smart, multiscale interfacial (BSMI) materials is presented and put into context with recent progress in the field of BSMI materials spanning natural to artificial to reversibly stimuli‐sensitive interfaces. BSMI materials that respond to single/dual/multiple external stimuli, e.g., light, pH, electrical fields, and so on, can switch reversibly between two entirely opposite properties. This article utilizes hydrophobicity and hydrophilicity as an example to demonstrate the feasibility of the design strategy, which may also be extended to other properties, for example, conductor/insulator, p‐type/n‐type semiconductor, or ferromagnetism/anti‐ferromagnetism, for the design of other BSMI materials in the future.
    In: volume:20
    In: number:15
    In: year:2008
    In: pages:2842-2858
    In: extent:17
    In: Advanced materials, Weinheim : Wiley-VCH, 1989-, 20, Heft 15 (2008), 2842-2858 (gesamt 17), 1521-4095
    Language: English
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  • 8
    UID:
    (DE-627)1766508634
    ISSN: 1043-951X
    In: China economic review, Amsterdam [u.a.] : Elsevier, 1989, 62(2020) vom: Aug., Seite 1-30, 1043-951X
    In: volume:62
    In: year:2020
    In: month:08
    In: pages:1-30
    Language: English
    Keywords: Aufsatz in Zeitschrift
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  • 9
    Book
    Book
    Hefei : Huangshan Shushe
    UID:
    (DE-605)TT003307821
    Format: III, 169 S. : Ill.
    Edition: 1. Aufl.
    ISBN: 7807073349
    Series Statement: Zhongguo shangbang congshu
    Note: In chines. Schr
    Language: Chinese
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  • 10
    UID:
    (DE-627)872123715
    ISSN: 1056-8190
    In: Papers in regional science, Oxford [u.a.] : Wiley-Blackwell, 1991, volume 95 (2016), supplement 1, (March), Seite S71-S85, 1056-8190
    In: volume:95
    In: year:2016
    In: month:03
    In: supplement:suppl.1
    In: pages:71-85
    Language: English
    Keywords: Aufsatz in Zeitschrift
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