論文研讀-演講模板

論文研讀(2)匯報人：XXXXXX匯報日期：20XX年XX月XX日-2、keywords3、sampleideas,4、basicresearchtheories,5、researchobjectives:alargesampleof73countriesfrom1980to20121234論文研讀(2)1、theresearchquestionthelinkbetweentherelativepreferencesofcentralbanksfortheinflationstabilizationobjectiveandbankingsectorvulnerability.Atthesametime,thisleadstotesttheSchwartz'shypothesisagainstthebenignneglecthypothesis12、keywords2、keywordsInflationaversionCentralbanks'preferencesBankingsectorvulnerabilityMonetarypolicy23、sample2eas,34、basicresearchtheories,45、researchobjectives:alargesampleof73countriesfrom1980to201256、logicalrelationshipswithintheresearchframework67、researchdata7、researchdata(1)Measuringcentralbanks'preferences：CONSindicatororCONS

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W(2)Measuresofbankingsectorvulnerability：sixalternativevariables:thecreditvolatility、thecredit-to-GDPgap、thecredit-to-depositratio、theproportionofnonperformingloans、theZ-score、thebankcapital-to-assetratio7、researchdata(3)Controlvariables①Thefirstsetofthesevariablesisintendedtocontrolfortheeconomicconditionsandshocksthatthebankingsectorfaces.IdentifyingdemandandsupplyshocksbyapplyingthedecompositionschemesuggestedbyBlanchardandQuah(1989)andconsiderthevarianceoftheseshocksascontrolvariables7、researchdata②Thesecondsetofcontrolvariablesisintendedtocapturethedegreeofbankingcompetition.TheyaretheLernerindexandthebankconcentration③Thelastsetofcontrolvariablesisintendedtocontroltheregulationofthebankingsystem.TheyarethebankingsectorsupervisionindexandthetheChinn–Itoindex78、researchmethods：empiricalanalysis89、empiricalconclusions：Thisessyrunthefollowingestimation9、empiricalconclusions：ThisessyrunthefollowingestimationwhereYitalternativelyrepresentsoneofoursixmeasuresofbankingsectorvulnerabilityforcountryiattimet.CBPi,tistheindicatorofcentralbanks'preferences(CONSor9、empiricalconclusions：ThisessyrunthefollowingestimationCONS

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W),σi,tisavectorcontainingthevariancesofsupplyanddemandshocks,andXi,t?1isavectorthatincludestheothercontrolvariables,whicharelaggedtoaddresspotentialendogeneity.Moreover,countryfixedeffects(δi)areincludedinequation(1)andareintendedtoeliminateunobservedtime-invariantheterogeneityatthecountrylevel.Wealsointroducetimefixedeffects(δt)toabsorbtheimpactofglobalshocksthatmayaffectallthecountriesinthesample,suchasthesubprimecrisis.?i,tistheerrorterm9、empiricalconclusions：Thisessyrunthefollowingestimation10、researchconclusionsthisarticleindicatethatdifferencesincentralbanks'conservatism(CBC)robustlyexplaincross-countrydifferencesinbankingsectorvulnerabilityandunambiguouslyvalidatethebenignneglecthypothesis9、empiricalconclusions：Thisessyrunthefollowingestimation11、suggestedmeasuresoftheliteratureOnnormativegrounds,thisresultsuggeststwoalternativeperspectivesforrecommendation9、empiricalconclusions：Thisessyrunthefollowingestimation20Thefirstrecommendationisthatcentralbankersshouldtolerateadilutionoftheirprimarypricestabilityobjectiveinordertodevotegreaterattentiontooutputandfinancialstability.Ideally,thiscouldbestatedinlaw.Thesecondsuggestionisthatthecentralbankshouldbalancemonetarypolicyan