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Applications of an IS-MP Model with Yield Curve
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作者 Henry Wang Bill Z. Yang 《Frontiers of Economics in China-Selected Publications from Chinese Universities》 2016年第1期142-155,共14页
This paper interest rates (i.e., the recent macroeconomic presents an IS-MP model with the term structure of yield curve) and discusses some of its applications to activities and policy issues. Specifically, the mod... This paper interest rates (i.e., the recent macroeconomic presents an IS-MP model with the term structure of yield curve) and discusses some of its applications to activities and policy issues. Specifically, the model is employed to explain (1) why a steepening yield curve may signal the subsequent economic expansion, (2) why long-term zero interest rate policy (ZIRP) may not completely avoid recessions, but disables the yield curve from being inverted to signal the following economic recession, (3) how Operation Twist (OT) may help ease the recession, in particular, under ZIRP, and what limit it may face. 展开更多
关键词 IS-MP model yield curve zero interest rate policy (ZIRP) Operation Twist (OT)
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Phosphorus Use Efficiency of Safflower (Carthamus tinctorius L.) and Sunflower (Helianthus annuus L.) Studied in Nutrient Solution
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作者 Jehad Abbadi Jeska Gerendas 《Journal of Agricultural Science and Technology(A)》 2012年第11期1260-1280,共21页
Safflower represents an important oil crop internationally and may have a production potential under low input conditions, but its putatively high phosphorous use efficiency is not sustained. This study aims to direct... Safflower represents an important oil crop internationally and may have a production potential under low input conditions, but its putatively high phosphorous use efficiency is not sustained. This study aims to directly compare safflower with sunflower in terms of phosphorus use efficiency in nutrient solution under controlled conditions. Growth of both species responded strongly to increasing P supply. Safflower recovers less proportion of added P than sunflower. External P requirement ((g P supply (100 g dry matter (DM) produced)~) was higher in safflower than sunflower. The efficiency of the crops for DM production based on accumulated P (mg P potl, efficiency ratio), and P concentration in DM ((mg P (g DM)'I), utilization index) were interpreted using Michaelis-Menten kinetics as growth response curves. Accordingly, Km constant was lower in sunflower compared to safflower in terms of utilization index, but both were similar in terms of efficiency ratio. High Km constant in safflower in terms of utilization index indicates the high P concentration in tissues to produce 50% of potential maximum DM, consequently less efficient crop. Utilization efficiency contributed more than uptake efficiency in overall PUE in the efficient cultivar and could be the cause of its superiority in PUE. It can be concluded that safflower has a high requirement for P with respect to growth, sunflower is more efficient in terms of uptake and utilization of P at optimal and sub-optimal P supplies indicating that safflower can not be considered a low nutrient input crop compared to sunflower with respect to phosphorus. 展开更多
关键词 Phosphorous nutrient utilization efficiency yield response curve Carthamus tinctorius Helianthus annuus.
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