Academic Achievements During Bachelor's Degree(Three)

Quantitative Effect of Monetary Policy and Fluctuation of Real Estate Prices: Empirical Evidence from First-tier Cities Authors: Guofeng Zhang; Chenghui Zhang; Dandan Song; Linsen Yin Abstract:Taking the four first-tier cities on behalf of Beijing, Shanghai, Guangzhou and Shenzhen as examples, then by selecting M2 growth rate, leverage growth rate, growth rate of selling price of residential real estate, local GDP growth rate and CPI growth rate from 2001 and 2015 to build panel variable auto regression model (PVAR), we analyze relationships of house price growth rate, money supply growth rate and leverage growth rate     Read more
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Troy Jan 28, 2018

攻读学士学位期间学术成果(三)

货币政策数量效应与房价波动:来自一线城市的经验证据作者:张国峰 张程慧 宋丹丹 殷林森摘要:以四个一线城市北京、上海、广州和深圳为例,选取2001-2015年M2、杠杆率、住宅商品房平均销售价格、地方生产总值GDP和居民消费价格指数的增长率作为变量,通过构建面板向量自回归模型(PVAR)得出脉冲响应函数和方差分解结果,分析一线城市房价增长率和M2增长率、CPI增长率、杠杆增长率的之间的关系     Read more
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Troy Jan 28, 2018

Academic Achievements During Bachelor's Degree(Two)

Asset Securitization Applied to the Belt and Road Initiatives——Take the Sovereign Bank Loan in Emerging Market and Dollar Bonds Issued by Local Governments as Examples Authors: Guofeng Zhang; Chenghui Zhang Mentor: Linsen Yin Abstract:Investment risk is one of the risks that can not be overlooked in the Belt and Road Initiatives.On one hand,China is investing broadly in a loan manner in countries.On the other hand, it is commonplace that domestic local governments issue dollar bonds in oversea markets.Bying analysing America’s CLO market and emerging CDO market     Read more
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Troy Jan 21, 2018

攻读学士学位期间学术成果(二)

资产证券化在“一带一路”战略中的应用研究——以新兴市场主权银行贷款和国内地方政府发行美元债券为例 作者:张国峰 张程慧指导教师:殷林森摘要:投资风险是“一带一路”战略中不可忽视的一大风险。一方面,中国对沿线国家以贷款等方式进行大规模投资;另一方面,国内地方政府在海外市场发行美元债券正变得越来越普遍     Read more
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Troy Jan 21, 2018

Academic Achievements During Bachelor's Degree(One)

Can Hayekian Business Cycle Theory Explain Practical Economic Operation: Empirical Evidence from ChinaAuthors:Guofeng Zhang; Chenghui Zhang; Linsen Yin Abstract:Hayekian business cycle theory argues easy monetary policy induces unsustainable prosperity and economic recession. This paper is cored on consumer time preference to review China’s economic development in global post financial crisis times from the view of Hayekian business cycle theory included virtual economy in order to explain causes of domestic slow economic growth and current imbalanced economic structure     Read more
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Troy Jan 14, 2018

攻读学士学位期间学术成果(一)

哈耶克商业周期理论能够解释实际经济运行吗:来自中国的经验证据作者:张国峰 张程慧 殷林森摘要:哈耶克商业周期理论认为宽松货币政策引发了不可持续的经济繁荣,最终导致经济衰退。基于哈耶克商业周期理论的视角,并将虚拟经济纳入,以消费者时际消费偏好为核心,重新审视中国在后全球金融危机时代的经济发展,提出一种当前我国经济结构失衡、增长放缓的解释     Read more
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Troy Jan 14, 2018