科研成果 by Type: 期刊论文

研究手稿
高明, 张博尧. 农地调整与产权稳定性预期:可信承诺视角下的经验证据. 研究手稿.Abstract
在集体所有制下,如何进行农地调整而又不降低农户的产权稳定预期,是我国面临的理论和实践问题。本文使用中国劳动力动态调查2012-2018年4期调查数据,讨论了是否具有承包经营权长期不变的可信承诺,对农地调整与农户产权稳定性预期关系的影响。结果表明,村级组织主导、不具有产权稳定承诺的农地调整显著提升了农户进行生存型创业的可能性。机制检验发现,在实施过不具有产权稳定承诺的农地调整的村庄,农户的产权信心更弱,从事农业生产的概率更低,土地经营面积、生产经营投入和农机设备投资更少。中央整体部署、伴随产权稳定承诺的农地调整则没有类似影响。异质性分析表明,不具有产权稳定承诺的农地调整对农户生存型创业的影响存在差异,对于经历过村组内土地打乱重分等更大幅度的调整、村庄人均耕地面积较多、村庄确权比例较低的农户影响更大。进一步研究发现,实施过不具有产权稳定承诺的农地调整的村庄,农户经营性收入更高、农业收入更低,但总收入与其他村庄农户没有显著差异。本研究为理解农村土地调整对家庭经济的影响提供了实证证据。
胡聪慧, 汤梓燊, 高明, 惠晓辰. 影子银行监管、信用供给结构调整与实体经济效应. 研究手稿.Abstract
资管新规是中国深化金融体制改革的关键举措。已有文献多聚焦于资管新规的直接效应,对其经由正规金融渠道形成的间接溢出效应关注有限。资管新规改变了银行与资管机构的业务模式,促使其为降低组合资产波动、实现自身利益最大化而降低风险偏好。本文以2013-2023年中国A股非金融上市公司为样本,借助资管新规这一外生制度冲击,以企业信用风险刻画政策冲击强度,考察其间接传导效应。结果显示,相对于高风险企业,低风险企业在净债务发行、长短期银行贷款与债券发行规模上均显著上升。在资金可得性提高后,低风险企业的资本性支出、研发投入与劳动收入份额随之增加。机制检验表明,对表外理财业务依赖度较高的银行在新规后明显收缩对高风险行业的信贷投放,印证了信用供给端调整的逻辑。进一步地,在资管新规推动信用供给结构调整后,低风险企业也呈现出一定程度的过度负债与过度投资,提示资金向低风险主体集中可能伴随边际效率递减。本文为全面理解金融监管经由金融机构影响实体经济资源配置的传导过程提供了新的微观证据。
高明, 刘玉珍, 张宇. 金融教育:理论基础与实验证据. 研究手稿.Abstract
学术界和政策制定者希望通过金融教育提升金融素养,改善家庭和社会福利。金融教育在英文文献中已有非常丰富的研究,但尚未引起中文文献的足够重视。本文系统回顾了发表于权威英文学术期刊的随机控制实验和准实验金融教育文献,并结合关于金融素养的理论和实证研究,探讨金融教育的有效性及其影响因素。本文发现,学术文献虽然有一定分歧,但总体上认为金融教育显著提升金融素养,改善储蓄、借贷、保险、退休计划等金融行为,有助于家庭财富积累;教育时点、内容、方式是影响金融教育效果的重要因素。早期的金融教育和金融决策对财富积累具有持续性的影响;数学训练可以改善认知水平,是金融教育的基础;持续和个性化教育、支持和激励有助于可持续的行为变化。基于实验和准实验证据,本文提出改善金融教育的政策建议,并讨论了进一步研究方向。
出版中
Huang T, Zheng Y, Yu Z, Chen R, Li Y, Xiong R, Ma L, Zhao J, Dong S, Zhu L, et al. 1000× Faster Camera and Machine Vision with Ordinary Devices. Engineering. 出版中.Abstract
In digital cameras, we find a major limitation: the image and video form inherited from a film camera obstructs it from capturing the rapidly changing photonic world. Here, we present vidar, a bit sequence array where each bit represents whether the accumulation of photons has reached a threshold, to record and reconstruct the scene radiance at any moment. By employing only consumer-level CMOS sensors and integrated circuits, we have developed a vidar camera that is 1,000× faster than conventional cameras. By treating vidar as spike trains in biological vision, we have further developed a spiking neural network-based machine vision system that combines the speed of the machine and the mechanism of biological vision, achieving high-speed object detection and tracking 1,000× faster than human vision. We demonstrate the utility of the vidar camera and the super vision system in an assistant referee and target pointing system. Our study is expected to fundamentally revolutionize the image and video concepts and related industries, including photography, movies, and visual media, and to unseal a new spiking neural network-enabled speed-free machine vision era.
LI J, Fu Y, Dong S, Yu Z, Huang T, Tian YH. Asynchronous Spatiotemporal Spike Metric for Event Cameras. IEEE Transactions on Neural Networks and Learning Systems [Internet]. 出版中. PDFAbstract
Event cameras as bioinspired vision sensors have shown great advantages in high dynamic range and high temporal resolution in vision tasks. Asynchronous spikes from event cameras can be depicted using the marked spatiotemporal point processes (MSTPPs). However, how to measure the distance between asynchronous spikes in the MSTPPs still remains an open issue. To address this problem, we propose a general asynchronous spatiotemporal spike metric considering both spatiotemporal structural properties and polarity attributes for event cameras. Technically, the conditional probability density function is first introduced to describe the spatiotemporal distribution and polarity prior in the MSTPPs. Besides, a spatiotemporal Gaussian kernel is defined to capture the spatiotemporal structure, which transforms discrete spikes into the continuous function in a reproducing kernel Hilbert space (RKHS). Finally, the distance between asynchronous spikes can be quantified by the inner product in the RKHS. The experimental results demonstrate that the proposed approach outperforms the state-of-the-art methods and achieves significant improvement in computational efficiency. Especially, it is able to better depict the changes involving spatiotemporal structural properties and polarity attributes.
S Z, J Z, M Y. A comprehensive and comparative evaluation of primers for metabarcoding eDNA from fish. Methods in Ecology and Evolution [Internet]. 出版中. 访问链接
Zhang Y, Bu T, Zhang J, Tang S, Yu Z, Liu JK, Huang T. Decoding Pixel-Level Image Features from Two-Photon Calcium Signals of Macaque Visual Cortex. Neural Computation. 出版中.Abstract
Images of visual scenes comprise essential features important for visual cognition of the brain. The complexity of visual features lies at different levels, from simple artificial patterns to natural images with different scenes. It has been a focus of using stimulus images to predict neural responses. However, it remains unclear how to extract features from neuronal responses. Here we addressed this question by leveraging two-photon calcium neural data recorded from the visual cortex of awake macaque monkeys. With stimuli including various categories of artificial patterns and diverse scenes of natural images, we employed a deep neural network decoder inspired by image segmentation technique. Consistent with the notation of sparse coding for natural images, a few neurons with stronger responses dominated the decoding performance, whereas decoding of artificial patterns needs a large number of neurons. When decoding natural images using the model pre-trained on artificial patterns, salient features of natural scenes can be extracted, as well as the conventional category information. Altogether, our results give a new perspective on studying neural encoding principles using reverse-engineering decoding strategies.
Liu Z, Dai P, Xing H, Yu Z, Zhang W. A Distributed Algorithm for Task Offloading in Vehicular Networks With Hybrid Fog/Cloud Computing. IEEE Transactions on Systems, Man, and Cybernetics: Systems [Internet]. 出版中. PDFAbstract
Fog computing has been an effective paradigm of real-time applications in the IoT area, which enables task offloading at network edge devices. Particularly, many emerging vehicular applications require real-time interaction between the terminal users and computation servers, which can be implemented in fog-based architecture. However, it is still challenging to apply fog computing in vehicular networks due to high mobility of vehicles and uneven distribution of vehicle density, which may result in performance degradation, such as unbalanced workload and unexpected task failure. In this article, we investigate a new service scenario of task offloading under a three-layer service architecture, where the resources of vehicular fog (VF), fog server (FS), and central cloud (CC) are utilized in a cooperative way. On this basis, we formulate the probabilistic task offloading (PTO) problem by synthesizing task transmission, computation, and result retrieval, as well as characterizing the heterogeneity of computation servers. The objective of the PTO is to minimize the weighted sum of execution delay, energy consumption, and payment cost. To resolve the PTO problem, we propose a comprehensive task offloading algorithm by combining the alternating direction method of multipliers (ADMMs) and particle swarm optimization (PSO), called ADMM-PSO. The basic idea of the ADMM-PSO is to divide the PTO problem into multiple unconstrained subproblems and achieve the optimal solution in the form of an iterative coordination process. For each iteration, the solution is achieved by solving each subproblem with the PSO and updated based on a designed rule, which is able to converge to the optimal solution when the stop criterion is satisfied. Finally, we build the simulation model and implement the proposed algorithm for performance evaluation. The simulation results demonstrate the superiority of the proposed algorithm under a wide range of service scenarios.
Li J, Tan Y. Loser-out Tournament Based Fireworks Algorithm for Multi-modal Function Optimization. IEEE Transactions on Evolutionary Computation [Internet]. 出版中. 访问链接
Jia S, Yu Z, Onken A, Tian YH, Tiejun H, Liu JK. Neural System Identification With Spike-Triggered Non-Negative Matrix Factorization. IEEE Transactions on Cybernetics [Internet]. 出版中. PDFAbstract
Neuronal circuits formed in the brain are complex with intricate connection patterns. Such complexity is also observed in the retina with a relatively simple neuronal circuit. A retinal ganglion cell (GC) receives excitatory inputs from neurons in previous layers as driving forces to fire spikes. Analytical methods are required to decipher these components in a systematic manner. Recently a method called spike-triggered non-negative matrix factorization (STNMF) has been proposed for this purpose. In this study, we extend the scope of the STNMF method. By using retinal GCs as a model system, we show that STNMF can detect various computational properties of upstream bipolar cells (BCs), including spatial receptive field, temporal filter, and transfer nonlinearity. In addition, we recover synaptic connection strengths from the weight matrix of STNMF. Furthermore, we show that STNMF can separate spikes of a GC into a few subsets of spikes, where each subset is contributed by one presynaptic BC. Taken together, these results corroborate that STNMF is a useful method for deciphering the structure of neuronal circuits.
Jia S, Li X, Huang T, Liu JK, Yu Z. Representing the Dynamics of High-Dimensional Data with Non-Redundant Wavelets. Patterns. 出版中.Abstract
A crucial question in data science is to extract meaningful information embedded in high-dimensional data. Such information is often formed into a low-dimensional space with a set of features that can represent the original data at different levels. Wavelet analysis is a pervasive method for decomposing time-series signals into a few levels with detailed temporal resolution. However, the wavelets after decomposition are intertwined and could be over-represented across levels for each sample and across different samples within one population. In this work, using simulated spikes, experimental neural spikes and calcium imaging signals, and human electrocortigraphic signals, we leveraged conditional mutual information between wavelets for feature selection. The meaningfulness of selected features was verified to decode stimulus or condition from dynamic neural responses. We demonstrated that decoding with only a small set of these features can achieve high decoding. These results provide a new way of wavelet analysis for extracting essential features of the dynamics of spatiotemporal neural data, which then enables to support novel model design of machine learning with representative features. 
高树伟. 《史记正义》作者张守节新考. 历史文献研究. 出版中;47.
张开、段德敏. 政治现实主义视角中的灾难与命运:评艾丽森·麦奎因《灾变论时代中的政治现实主义》. 北大政治学评论. 出版中;14:253-263.
准备出版
Bonk M, Li W-B, Li Z. On dynamical Kapovich-Kleiner conjecture. Available upon request. 准备出版.
已提交
Feng Z, Ures R. Accessibility and central integrability in the absence of periodic points. [Internet]. 已提交. pdf
Feng Z, Ures R. Accessibility and ergodicity of partially hyperbolic diffeomorphisms without periodic points. [Internet]. 已提交. pdf
Cao C-Q, Deng Y-H, Xu L-P, Zhang X-H, Wang Y, Chen H, Chen Y-H, Chen Y, Yan C-H, Zhang Y-Y, et al. Causal analysis to study the effect of haploidentical versus HLA-matched sibling donor transplantation on relapse in survivors among acute lymphoblastic leukemia patients based on a retrospective study. 已提交.
Deng Y, Chang Y, Zhou X-H. Causal Inference with Truncation-by-Death and Unmeasured Confounding. arXiv [Internet]. 已提交. 访问链接Abstract
Clinical studies sometimes encounter truncation by death, rendering some outcomes undefined. Statistical analysis based solely on observed survivors may give biased results because the characteristics of survivors differ between treatment groups. By principal stratification, the survivor average causal effect was proposed as a causal estimand defined in always-survivors. However, this estimand is not identifiable when there is unmeasured confounding between the treatment assignment and survival or outcome process. In this paper, we consider the comparison between an aggressive treatment and a conservative treatment with monotonicity on survival. First, we show that the survivor average causal effect on the conservative treatment is identifiable based on a substitutional variable under appropriate assumptions, even when the treatment assignment is not ignorable. Next, we propose an augmented inverse probability weighting (AIPW) type estimator for this estimand with double robustness. Finally, large sample properties of this estimator are established. The proposed method is applied to investigate the effect of allogeneic stem cell transplantation types on leukemia relapse.
Zhang R, Lin G, Zhao C. Channel and Spatial Attention CNN: Predicting Price Trends from Images. [Internet]. 已提交. 访问链接Abstract
Deep learning has been successfully applied for predicting asset prices using financial time series data. However, image-based deep learning models excel at extracting spatial information from images and their potential in financial applications has not been fully explored. Here we propose a new model---channel and spatial attention convolutional neural network (CS-ACNN)---for price trend prediction that takes arbitrary images constructed from financial time series data as input. The model incorporates attention mechanisms between convolutional layers to focus on specific areas of each image that are the most relevant for price trends. CS-ACNN outperforms benchmarks on exchange-traded funds (ETF) data in terms of both model classification metrics and investment profitability, achieving out-of-sample Sharpe ratios ranging from 1.57 to 3.03 after accounting for transaction costs. In addition, we confirm that the images constructed based on our methodology lead to better performance when compared to models based on traditional time series data. Finally, the model learns visual patterns that are consistent with traditional technical analysis, providing an economic rationale for learned patterns and allowing investors to interpret the model.
Zhao* C, Jia Z, Wu L. Construct Smith-Wilson Risk-Free Interest Rate Curves with Endogenous and Positive Ultimate Forward Rates. 已提交.Abstract
We propose several methods to obtain endogenous and positive ultimate forward rates (UFRs) for risk-free interest rate curves based on the Smith-Wilson method. The Smith-Wilson method, adopted by Solvency II, can both interpolate the market price data and extrapolate to the UFR. However, it requires an exogenously-chosen UFR. de Kort and Vellekoop (2016) proposed an optimization problem to obtain an endogenous UFR. In this paper, we prove the existence of the optimal endogenous UFR to their optimization problem. In addition, in order to ensure the positiveness of the optimal UFR, we formulate a new optimization framework with nonnegative constraints. Furthermore, we also propose another optimization framework to generate endogenous and positive UFRs with prior knowledge. The feasibilities of both methods are proven under several mild conditions. We use Chinese government bond data to illustrate the capabilities of our methods and find the dynamic behaviour of Chinese risk-free interest rate curves.

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