Study on the Dynamic Impact Effect of Unconventional Emergencies on Stock and Bond Markets

The research of the impact of unconventional emergency on the stock market and bond market is one of the important concern of academia. This paper uses the VAR model to do the empirical analysis on the dynamic impact effect of unconventional emergencies on Chinese stock market, Treasury bond market and enterprise bond market. The empirical results show that it had a significant impact on the stock market, Treasury bond market and enterprise bond market when unconventional emergencies happened. On this basis, this paper constructs the impulse response functions of the impact of unconventional emergency on the stock market, Treasury bond market and enterprise bond market. Impulse response function display that the impact of unconventional emergencies on the stock market, treasury bond market and enterprise bond market is a dynamic process

Students’ Ability Evaluation Structure Model of Local Finance and Economic Universities

The students’ ability evaluation of local finance and economic universities is conducive to the cultivation of talents, and to promote local economic development. In order to objectively evaluate the students’ ability of local finance and economic universities, this paper divides the ability of college students into three dimensions, including basic quality and ability, professional competence, the ability of innovation and practice. This paper builds the students’ ability evaluation indicator system of local finance and economic universities, and designs evaluation indicator system scale tables. Collecting data from high school students, teachers and the employers through paper questionnaires and web-based survey, this paper uses principal component analysis to extract ability factors, and establishes the students’ ability evaluation structure model of local finance and economic universities. This study provides a theoretical reference for the objective evaluation of students’ ability and training students’ ability purposefully

Surface Design for Flank Milling

In this dissertation, a numerical method to design a curved surface for accurately flank milling with a general tool of revolution is presented. Instead of using the ruled surface as the design surface, the flank millable surface can better match the machined surface generated by flank milling techniques, and provide an effective tool to the designer to control the properties and the specifications of the design surface. A method using the least squares surface fitting to design the flank millable surface is first discussed. Grazing points on the envelope of the moving tool modeled by the grazing surface are used as the sample points and a NURBS surface is used to approximate the given grazing surface. The deviation between the grazing surface and the NURBS surface can be controlled by increasing the number of the control points. The computation process for this method is costly in time and effort. In engineering design, there is a need for fast and effortless methods to simplify the flank millable surface design procedure. A technique to approximate the grazing curve with NURBS at each tool position is developed. Based on the characteristics of the grazing surface and the geometries of the cutting tool, these NURBS representations at a few different tool positions, namely at the start, interior and end, are lofted to generate a NURBS surface. This NURBS surface represents the grazing surface and is treated as the design surface. Simulation results show that this design surface can accurately match the machined surface. The accuracy of the surface can be controlled by adding control points to the control net of the NURBS surface. A machining test on a 5-axis machine was done to verify the proposed flank millable surface design method. The machined surface was checked on a CMM and the obtained results were compared with the designed flank millable surface. The comparison results show that the machined surface closely matches the design surface. The proposed flank millable surface design method can be accurately used in the surface design

Performance of Private Enterprises Under the Background of New Round of Expansion of State-Owned Enterprises

In this paper, we used the super-efficient DEA method to analyze the performance of Chinese private enterprises. Talked 100 best private enterprises from 2008 to 2012 in China as the representative, we analyze the performance of private enterprises. The results showed that the efficiency levels of the private enterprises had continuously improved from 2008 to 2012, but the overall efficiency level of the private enterprise was lower. There existed large different among the private companies, and nearly half of the efficiency values of the enterprises were at 0.7658 or less. Therefore, the state should pay more attention to the living environment of the private enterprises, the private enterprises should play its due the potential to promote the country’s sustainable development

Study on the Dual Asymmetric Effect of Monetary Policy Shocks: Empirical Test Based on China’s Stock and Bond Market

The research on dual asymmetric effects of monetary policy shock has important practical significance for laying down capital market regulation monetary policy. This paper uses two-step OLS method to empirically test the dual asymmetric effects of monetary policy shock on stock and bond markets. The test results show that the expansionary and tight monetary policy shocks on the stock and bond markets have dual asymmetric effects; the expansionary and tight monetary policy shocks have dual asymmetric effects during the rise and fall periods. Therefore, when laying down capital market regulation and control policies, government needs to consider the dual asymmetric effects of monetary policy shock, and adopts appropriate monetary policies. Key words: Monetary policy shocks; Dual asymmetric effects; Two-step OLS method; Empirical tes

Trade Conflicts and China's Macroeconomic Fluctuations ---An Empirical Analysis Based on Vector Autoregression Model

This paper uses the data from November 2016 to June 2018 to construct a VAR model to empirically analyze the impact of trade wars on the Chinese economy since the trade friction between China and the United States. The empirical results show that the trade conflict between China and the United States will have short-term effects on financial institution loans, net export fluctuations, capital markets, short-term international capital flows, and the RMB exchange rate. After the impact of the trade war, the Chinese economy will have a spontaneous adjustment function, which will cause a certain positive and negative change in economic changes. But over time, the impact of Sino-US trade conflicts on financial institution loans, net export volatility, asset prices, short-term international capital flows, and the RMB exchange rate has gradually weakened until the gradual convergence to the zero axis and the effect disappears

Influence and Enlightenment of New Media Age on Ideological and Political Education of College Students

This paper analyzes new problems and new challenges faced by ideological and political education of college students in new media age and organizes outstanding features and corresponding effects in allusion to development status of college ideological and political education and the plight faced by the thinking mode. On this basis, this paper seeks breakthrough of thinking mode in combination of actual conditions of ideological and political education of college students in new media age, mainly rethinks and discusses profoundly discourse reform and education content structure optimization so as to better adapt urgent needs of college ideological and political education in new media age and make efforts to construct practice approach system for college ideological and political education