The managed floating exchange rate system is one of special manifestations of target zone system,and actually it is a quasi-target zone system. Hence RMB equilibrium exchange rate may be estimated by use of the method...The managed floating exchange rate system is one of special manifestations of target zone system,and actually it is a quasi-target zone system. Hence RMB equilibrium exchange rate may be estimated by use of the method of exchange rate target zone model. At present,the sticky-price model is one of best models,and it is a extension of flex-price model. The model is based on assumptions of price inertia and output decided by demand. Under those assumptions and the condition of the commodity and the currency market equilibrium,a stochastic differential equation may be established,and in the light of the equation,we may get a exchange rate function. Our research indicates a good outcome may be made,applying the sticky-price model to estimate RMB equilibrium exchange rate.展开更多
The interface of slab track laid in cold regions is prone to debonding under the coupling of freeze-thaw cyclesand temperature loads.Based on the composite specimen tests,the parameters of cohesive zone model were obt...The interface of slab track laid in cold regions is prone to debonding under the coupling of freeze-thaw cyclesand temperature loads.Based on the composite specimen tests,the parameters of cohesive zone model were obtained andused in a simulation model of CRTS III prefabricated slab track to study the interlayer damage.The results show that 1)the digital image correlation(DIC)technique can accurately capture the strain field changes on the interface of compositespecimens under splitting and shear loading;2)when the temperature gradient is−40℃/m−60℃/m,the interfacedamage of the slab track is minimal and presents different patterns of expansion under positive and negative temperaturegradients,each corresponding to damage of the cohesive element dominated by shear stress and normal tensile stress,respectively;3)the reduction of the elastic modulus at the concrete base after freeze-thaw inhibits interface damage andleads to a higher starting temperature gradient load,but cracking can occur on the concrete base after 150 freeze-thaws.For this reason,in the light of damage control of both the interface and concrete base,the elastic modulus of the concretebase is 54%or over that without freeze-thaw cycles.展开更多
文摘The managed floating exchange rate system is one of special manifestations of target zone system,and actually it is a quasi-target zone system. Hence RMB equilibrium exchange rate may be estimated by use of the method of exchange rate target zone model. At present,the sticky-price model is one of best models,and it is a extension of flex-price model. The model is based on assumptions of price inertia and output decided by demand. Under those assumptions and the condition of the commodity and the currency market equilibrium,a stochastic differential equation may be established,and in the light of the equation,we may get a exchange rate function. Our research indicates a good outcome may be made,applying the sticky-price model to estimate RMB equilibrium exchange rate.
基金Project(52425213)supported by the National Science Fund for Distinguished Young Scholars of ChinaProjects(52278461,52308467)supported by the National Natural Science Foundation of China+1 种基金Projects(2021YFF0502100,2021YFB2600900)supported by the National Key R&D Program of ChinaProject(2022JDTD0015)supported by the Sichuan Province Youth Science and Technology Innovation Team,China。
文摘The interface of slab track laid in cold regions is prone to debonding under the coupling of freeze-thaw cyclesand temperature loads.Based on the composite specimen tests,the parameters of cohesive zone model were obtained andused in a simulation model of CRTS III prefabricated slab track to study the interlayer damage.The results show that 1)the digital image correlation(DIC)technique can accurately capture the strain field changes on the interface of compositespecimens under splitting and shear loading;2)when the temperature gradient is−40℃/m−60℃/m,the interfacedamage of the slab track is minimal and presents different patterns of expansion under positive and negative temperaturegradients,each corresponding to damage of the cohesive element dominated by shear stress and normal tensile stress,respectively;3)the reduction of the elastic modulus at the concrete base after freeze-thaw inhibits interface damage andleads to a higher starting temperature gradient load,but cracking can occur on the concrete base after 150 freeze-thaws.For this reason,in the light of damage control of both the interface and concrete base,the elastic modulus of the concretebase is 54%or over that without freeze-thaw cycles.
