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世界银行：股市需求冲击与企业反应

在公司的层面上观察，经历较大现金流量的公司增加了股票发行，尤其是债务融资和实际投资。本文通过一家公司的融资简单模型对实证分析进行补充，该模型指出股票成本降低会提升股票的价值，并放宽借贷款限制。较高的股票估值使公司能在不发行大量新股票的情况下扩大借款，因此，债务融资对股票发行的反应更为强烈。本文探讨了投资者需求的转变如何影响企业的融资和投资决策。为了识别，本文利用了大规模的MSCI方法改革，该改革机制性地重新定义了主要国际股权基准指数的股票权重，改变了49个国家2,508家公司的投资组合分配。由于...

2026-03-06 0 1.46MB 46页
国际劳工组织（ILO）：1995年至2023年全球劳动报酬不平等的汇聚模式（英文版）

This paper examines the evolution of labour earnings distribution across 25 countries, comparing two reference years: 1995 and 2023. The study seeks to understand how labour earnings distribution has shifted over time in each country, highlighting ch...

2026-03-06 0 5.4MB 75页
FutureTech：人工智能风险缓释的系统映射：证据扫描与初步AI风险缓释分类体系（英文版）

Organizations and governments that develop, deploy, use, and govern AI must coordinate on effective risk mitigation. However, the landscape of AI risk mitigation frameworks is fragmented, uses inconsistent terminology, and has gaps in coverage. Th...

2026-03-03 0 656.18KB 21页
美联储：银行货币政策风险与贷款合同（英文版）

We provide evidence that banks use loan covenants to prepare for future monetary policy tightening, thereby facilitating the bank lending channel of monetary policy transmission. Specifically, banks with greater monetary policy exposure—those whose l...

2026-02-12 0 571.29KB 61页
纽约联储：没有可编程货币的编程货币（英文版）

Programmability is at the heart of ongoing work on the future of money and payments by central banks around the world. Despite its potential, there is growing concern that programmability conflicts with the provision of “good” money. This paper overv...

2026-02-12 0 619.72KB 15页
纽约联储：美联储不说话时利率意外（英文版）

The predictability of monetary policy surprises based on past, public information has been interpreted in two related yet fundamentally different ways. The “Fed information effect” posits that it arises due to markets updating their view of the econo...

2026-02-12 0 1.65MB 58页
纽约联储：稳定币与代币化存款：重新审视狭义的银行业争论（英文版）

We study how the type of money used in blockchain-based trade affects interest rates, investment, and welfare. Stablecoins in our model are backed by safe assets, while banks issue deposits (both traditional and tokenized) to fund a portfolio of safe...

2026-02-12 0 1.95MB 43页
世界银行：调查模式对数据质量的影响：来自尼日利亚的实验证据（英文版）

This paper uses a large-scale experiment in rural Nigeria to study the role of survey mode—in-person versus over the phone—in survey measurement and data quality. The experimental design isolates mode effects from other common sources of errors in su...

2026-02-12 0 2.5MB 44页
世界银行：公共工程项目是否具有持续影响？LMIC实验研究综述（英文版）

Many low- and middle-income countries (LMICs) have introduced public works programs that offer temporary cash-for-work opportunities to poor individuals. This paper reviews experimental evidence on the impacts of public works programs on participants...

2026-02-12 0 1020.5KB 42页
世界银行：南亚人口转型与教育支出：机遇与挑战（英文版）

Decline in the school-age population due to demographic changes presents an opportunity to redirect resources within the education sector to improve access and quality. However, the experiences of countries that have gone through similar demographic ...

2026-02-12 0 2.11MB 61页
当水耗尽时：印度农业对渐进环境变化的适应（英文版）

Increasing water scarcity will affect hundreds of millions of smallholder farmers in coming decades, but little is known about the likely forms of adaptation. This study exploits a natural experiment in which heterogeneous geological formations affec...

2026-02-11 0 1003.16KB 28页
国际清算银行：缩小财政空间的危险（英文版）

When public debt is elevated, the fiscal cost of fighting inflation rises sharply, as interest rate hikes increase government interest expenditures. We formalize this mechanism in a nonlinear New Keynesian model with a state-dependent fiscal constrai...

2026-02-11 0 1.02MB 41页
艾瑞咨询：2026年GEO生成式引擎优化行业研究报告

AI重塑用户搜索范式、渗透用户日常消费决策链路中，品牌方开始关注布局AI营销，GEO是企业重点关注的AI营销优化策略之一。GEO优化基于大语言模型的信息认知-答案输出的技术原理，帮助品牌优化知识资产的内容质量与结构，使其适配AI引用机制与用户意图，强化品牌与AI间的信任关联。...

2026-02-11 16 3.42MB 41页
ADB亚洲开发银行：多背景儿童贫困的长期结果：来自印度尼西亚长期小组数据的证据（英文版）

Which poverty context matters for long-term outcomes—family or community, economic or social? We construct a measure of poverty along these dimensions and analyze individual-level longitudinal data spanning 21 years in Indonesia to examine the long-t...

2026-02-09 0 2.05MB 42页
国际清算银行：财政空间收窄的危险（英文版）

When public debt is elevated, the fiscal cost of fighting inflation rises sharply, as interest rate hikes increase government interest expenditures. We formalize this mechanism in a nonlinear New Keynesian model with a state-dependent fiscal constrai...

2026-02-09 0 1.02MB 41页
ADB亚洲开发银行：印度老年人的气候冲击和非传染性疾病（英文版）

This study empirically investigates the impact of climate change on the incidence of noncommunicable diseases among older population in India. Using demographic and health surveys from 2019–2021 linked with georeferenced meteorological data at local ...

2026-02-09 0 495.05KB 47页
私人但被误解了？利比里亚和马拉维农村通过自我访谈衡量亲密伴侣暴力的证据（英文版）

Women may underreport intimate partner violence (IPV) in surveys. In an experiment in rural Liberia and Malawi, women were asked IPV questions via self-interviewing (SI) or face-to-face interviewing. Many respondents appear to misunderstand questions...

2026-02-09 0 410.21KB 17页
世界银行：加强欧盟社会融合的有效凝聚力政策（英文版）

The paper examines the European Union's efforts to promote economic and social integration. Despite significant convergence across EU member states, regional inequalities persist, particularly between urban centers and lagging rural areas, fuelin...

2026-02-06 0 1.13MB 30页
欧洲央行：是什么推动了商业期望？供需故事（英文版）

This paper develops a novel empirical framework to analyse the drivers of business expectations in the euro area. Using harmonised data from the European Commission’s business surveys for manufacturing, services, and construction, we build composite ...

2026-02-06 0 6.53MB 50页
欧洲央行：银行会对朋友的市场做出反应吗？存款定价中的社会溢出效应（英文版）

We study how deposit rate shocks transmit across banking markets through digital social ties. Depositors’ inattention implies that households react to outside rate changes only when social networks make these changes salient, inducing connected banks...

2026-02-06 0 3.1MB 73页

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