率假說 的英文怎麼說
中文拼音 [lǜjiǎshuō]
率假說
英文
natural rate hypothesis-
There have several theories about it such as hypothesis of risk and efficiency, hypothesis of supply and demand of system transformation, hypothesis of asset specificity, which form the fundamentals for t he se lection
其中最主要和最有影響的理論有風險效率假說、制度變遷供求假說和資產專用性假說,它們為金融業經營體制的選擇提供了理論支撐。In this paper, the newest empirical test of efficient market hypothesis ( emh ) was done in terms of the empirical test of capital asset pricing model ( capm ). because of the logical relationship between emh and capm, we tried to use a new method to find whether the emh theory is available in china ' s stock market. we did our research on the basis of emh ( efficient market hypothesis )
本文從資本資產定價模型出發,首先回顧了有效市場假說的理論以及國內學者在這一領域中的研究成果,其次用實證研究的方法檢驗了該模型在中國的適用性,得到的結論認為在目前階段中國股票市場還不適合用資本資產定價模型來確定資產價格,最後對中國股票市場效率不足的原因進行分析並提出政策性建議。Fama and french wrote an article for the journal of finance in the year of 1992. they thought that p is unrelated to stock return. this view is strongly against the key thought of capm and directly against the efficient market hypothesis ( emh )
1992年fama和french在《金融雜志》上撰文認為,股票的系數和收益率之間基本上沒有關系,這一觀點抨擊了capm核心思想,並直接抨擊了有效市場假說。Firstly, this paper makes clear the meaning of stock markets " efficiency through different perspectives, and then introduces the efficient market hypothesis ( emh ) and fractal market hypothesis ( fmh ). as one important part of rational anticipation theory, emh is the foundation of capital market theories, but the linear paradigm of emh does not conform to the stock market realities
其基本的研究思路是:以有效市場假說和分形市場假說為理論基礎,結合中國股票市場的現實情況(中國股票市場收益率不符合正態分佈,市場屬于分形結構) ,以分形統計學的相關方法為手段,對我國滬、深兩市的有效性進行實證檢驗,力圖對中國股票市場的有效性做出客觀真實的評價。First, the consumphon funchon of life - cycle saving model is used to analyze the infiuence of public debts on consumphon demand, namely, the public debts act on consumphon function by reducing cmt tax and changing interest rate
首先,在生命周期假說的消費函數理論基礎上,分析了政府公債對消費需求的影響,政府公債發行通過即期稅收的減少和利率變動而影響消費函數。The article analyses whether the theory of emh market can explain some phenomena on capital market. we provide some evidence for the non - normal, non - gaussian distribution, auto - correlation, non - linear and heteroskedasticity character of stock price
文章就有效市場假說( emh )對現實資本市場的解釋能力進行了分析,發現我國股票市場的股價收益率序列具有非正態性、自相關性、非線性、異方差性等特點。Natural - rate hypothesis
自然率假說But the paper prove that adaptive expectations could not leads to the natural rate hypothesis by a simple model, in contradiction, these two hypothesis are conflict. if incompletely expectations is the unique cause of prices rigid, that only the rational expectations hypothesis comes to the natural rate theory. ultimately, gave the lucas supply curve include the rational expectations
但本文通過一個簡單的模型分析表明,適應性預期不可能導出自然率假說,相反,這兩個假設是矛盾的。如果不完全預期是價格剛性的唯一原因,那麼只有理性預期假設導致自然率理論。最後,給出了合理性預期的盧卡斯供給山線。We can glean a deeper cause of this problem in another statistic : 70 percent of americans still do not understand the scientific process, defined in the study as comprehending probability, the experimental method and hypothesis testing
在另一項統計中,我們可以看到問題更深一層的根源: 70 %的美國人仍然不了解科學程序(在此定義為從機率、實驗方法與假說檢驗去理解事物) 。Some scholar in theoretically deny the fund system efficiency hypothesis thoroughly, and prove that the pure individual self - insurance is not able to promote the economic efficiency, but to create a series of macroscopic economical consequences such as the excessive deposits, interest rate drops and inhabitant future income drop. on the contrary, the social security arrangement depended on the country expenditure can promote the efficiency actually
有學者在理論上徹底否定了基金制的效率假說,證明了純粹的個人自我保險不僅不能促進經濟效率,反而造成過度儲蓄、利率下降,居民未來收入下降等一系列宏觀經濟後果;相反,依靠國家財政支出實現的社會保障安排卻可以增進效率。But even this is admitting more than is true ; for i answer roundly, that america would have flourished as much, and probably much more, had no european power taken any notice of her
可是即便這樣也是言過其實的說法,因為我可以直率地說,假如沒有歐洲列強注意她的話,北美照樣能夠繁榮,或許還更興旺。In this chapter, i try to make some research on securities market in our country with the thought of bf. first, i make an empirical test of prospect theory and find investors are not always risk - aversion. in fact, according to different conditions, they will change their attitudes toward risk
本文就是較為全面地分析了行為金融的最新發展,對與效率市場假說相悖的市場異象進行了解釋,並運用行為金融的思想以實證研究和定性分析相結合的方法對我國股票市場作了一些研究。Efficiency wage hypothesis
效率工資假說Resource gift theory which is as the theory basis to guide the people to search the economy growth will lead to the poorer of the poor country and the richer of the rich country. likewise, the theory cited to the problem of regional industrial economy growth will be bound to further enlarge the regions ’ disparity. after the appearance of the market integration theory, the flow of labor and other resource factor play a weaken role for the regional industrial economy disparity caused by the reason of resource gift
並針對如上三個假說,選擇非參數生產率指數和paneldata回歸兩種計量經濟分析方法,通過使用1995 ? ? 2003年我國各地區的工業數據,以資本、勞動、效率因子、技術因子、省內及省際市場的消費需求和工業出口水平為解釋變量,以工業增加值為被解釋變量,建立了一個半對數線性paneldata模型,對市場一體化進程對地區工業經濟發展的影響進行了實證的分析。Nevertheless, the stress - triggering hypothesis has continued to gain credibility through its ability to explain the location and frequency of earthquakes that followed several destructive shocks in california, japan and turkey
然而,透過解釋美國加州、日本和土耳其幾個破壞性地震的餘震發生地點與頻率,應力誘發假說已陸續獲得確信。Its current distribution and frequency confirms anthropological and archaeological evidence that the original population of modern humans lived in africa and that a small subgroup of those africans emerged about 75, 000 years ago and spread across five other continents ? the out of africa hypothesis
從它目前的分佈情形和頻率來看,支持了考古學和人類學的證據:最原始的現代人類居住在非洲,大約在7萬5000年前,有一小群非洲人向其他五大洲擴散,也就是所謂遠離非洲假說。The chapter 2, introduce the concept of rational expectations, at first give the rational expectations definition, the rational expectations hypothesis asserts to the special economic variable, people ' s subjective distribution are equate to substantial distribution, in fact, the hypothesis assume people know real models ( the system of data production ), so it shortened the learn process
第二章是理性預期概念的引入。首先給出了理性預期的定義,即理性預期該假說認為對經濟變量而言,人們的主觀概率分佈和真實的概率分佈相等,因此可以以真實條件期望代替主觀期望。實際上,它假定人們知道真實的模型(數據生成的機制) 。If the dynamic responsiveness hypothesis could be proved in myocardium cell it is not only the important supplement to nonlinear research on myocardium cell but provide a new idea on the mechanism of lower heart rate variability predicting cardiac diseases prognosis
如果可興奮細胞動態反應規律假說在心肌得到驗證,不僅是對心跳節律非線性研究成果的重要補充,而且為心率變異性降低提示心臟疾病預后的機理提供了全新思路,還為臨床上個體化、階段化用藥提供重要理論依據。Firstly, the conception, the theories and hypotheses of m & a are recapitulated. then, the developing direction of m & a and its circumstance status in our country are discussed, compared with those countries whose capital market are developed, its circumstance restrictions in all round, as well as the case that wuxi first cotton weave factory takes - over of taizhao xinghua cotton weave factory are also analyzed. finally, the view that to build large scope and high efficiency capital market, to cultivate market medi - institutions and to prefect correlative laws are the emphases of m & a circumstance governance in our country is pointed out in this article
論文在概括企業並購概念、歷史發展及其理論與假說的基礎上,分析我國企業並購發展趨勢及其環境現狀,與資本市場發達國家相比較,闡述我國企業開展並購活動面臨的內、外部環境制約因素,並對無錫市第一棉紡織廠並購泰州興化棉紡織廠的案例進行分析,提出對我國企業並購環境治理應重點放在建立多層次和高效率的資本市場、培育市場中介機構以及完善相關法律方面的觀點。Capital market efficiency hypothesis and the efficiency analysis of the chinese capital market
資本市場效率假說與中國資本市場的效率分析分享友人