RESUME:Cette note évalue les conséquences de la politique des réserves obligatoires (ro) sur l’équilibrede long terme dans économie en développement à la Bencivenga et Smith (1992). Ces derniersmontrent que le taux des réserves obligatoires optimal est constant. Dans cette...

This paper examines the effect of rural students' understanding of education investment on their willingness to study from the perspective of financial literacy. We set up a two-period model of human capital investment to show how schmeduling induces students with poor financial literacy to...

This paper investigates how price misperceptions, which are pervasive and mainly ascribed to a complex system of mixed tax schedule, affect the design of optimal tax rules. Our theoretical results show that in the presence of price misperceptions indirect taxation exerts both a corrective role...

In the Southern Ocean, the living environment of organisms has been changed due to the dramatic increase of melting sea-ice and the loss of glaciers, which have caused substantial changes in biodiversity consequently. To demonstrate the relationship between organisms and environmental...

The thermo-driven photocatalytic CO2 hydrogenation was studied for NiOx/Nb2O5 from the point of CO2 and H2 adsorption behavior. Photothermal synergistic and Ni modification dramatically changed the electron transfer behavior of CO2 adsorption (CO2 (ads)) and H2 (ads) via regulating Fermi level...

According to the working condition of the expandable packer in high temperature and high pressure wells, the dynamic model of the pipe string and packers was established in this paper. Remeshing was used to describe the nonlinear flow behavior for sealing rubbers in annular clearance and the...

The rapid development of the electricity industry reform in China has been witnessed in recent years, and one of the iconic achievements could be the establishment and trial operation of the electricity spot markets. However, even though the market clearing model for electric energy is identical...

Ride-share systems, which aim to bring together travelers with similar itineraries and time schedules, may provide significant societal and environmental benefits by reducing the number of cars used for personal travel and improving the utilization of available seat capacity. Effective and...

Smartphone technology enables dynamic ride-sharing systems that bring together people with similar itineraries and time schedules to share rides on short-notice. This paper considers the problem of matching drivers and riders in this dynamic setting. We develop optimization-based approaches that...

Crisis management in selected countries of Central, East and Southeast Europe (by A. Mihailov, G. Hunya, S. Richter, Z. Lukas, S. Leitner and V. Astrov; pp. 1-10) Keywords crisis management, fiscal stimulus Countries covered Bulgaria, Romania, Hungary, Slovakia, Latvia, Ukraine Topics...