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Institution

London School of Economics and Political Science

EducationLondon, United Kingdom
About: London School of Economics and Political Science is a education organization based out in London, United Kingdom. It is known for research contribution in the topics: Population & Politics. The organization has 8759 authors who have published 35017 publications receiving 1436302 citations.


Papers
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Journal ArticleDOI
TL;DR: A few repeats of a simple forward search from a random starting point are shown to provide sufficiently robust parameter estimates to reveal masked multiple outliers and stability of the patterns obtained is exhibited by the stalactite plot.
Abstract: A few repeats of a simple forward search from a random starting point are shown to provide sufficiently robust parameter estimates to reveal masked multiple outliers. The stability of the patterns obtained is exhibited by the stalactite plot. The robust estimators used are least median of squares for regression and the minimum volume ellipsoid for multivariate outliers. The forward search also has potential as an algorithm for calculation of these parameter estimates. For large problems, parallel computing provides appreciable reduction in computational time.

261 citations

Journal ArticleDOI
TL;DR: The preferred-habitat view as discussed by the authors suggests that there are investor clienteles with preferences for specific maturities, and the interest rate for a given maturity is influenced by the demand of the corresponding clientele and the supply of bonds with that maturity.
Abstract: What determines the term structure of interest rates? Standard economic theory links the interest rate for maturity T to the willingness of a representative agent to substitute consumption between times 0 and T. The standard model contrasts sharply with a more informal view based on investors’ preferred habitat, proposed by John Culbertson (1957) and Franco Modigliani and Richard Sutch (1966). According to the preferred-habitat view, there are investor clienteles with preferences for specific maturities, and the interest rate for a given maturity is influenced by the demand of the corresponding clientele and the supply of bonds with that maturity. For example, the typical clientele for long-term bonds are pension funds. An increase in their demand would be expected to raise prices of long-term bonds and thus lower long-term interest rates. In short, preferred habitat implies that there is price pressure in the bond market. While the preferred-habitat view has intuitive appeal, it has not entered into the academic mainstream, typically being relegated to a paragraph in MBA-level textbooks. One reason for this is the mixed findings in early empirical studies of the term structure. Specifically, between 1962 and 1964, the US Treasury and Federal Reserve raised the supply of short-term government debt while simultaneously lowering the supply of long-term debt. This program, known as Operation Twist, aimed to raise shortterm interest rates, and so improve the balance of payments, while also lowering long-term rates to stimulate private investment. A number of papers evaluated Operation Twist, and while they reached different conclusions, none found strong evidence that the operation was effective in flattening the term structure (e.g., Modigliani Price Pressure in the Government Bond Market

261 citations

Journal ArticleDOI
TL;DR: In this paper, the effect of contract parameters such as price rebates and after-sales warranty costs on the choice of quality by a supplier, the inspection policy of a producer, and the resulting end product quality is explored.
Abstract: We model the effect of contract parameters such as price rebates and after-sales warranty costs on the choice of quality by a supplier, the inspection policy of a producer, and the resulting end product quality. Both noncooperative and cooperative settings are explored. The paper’s contribution is to highlight the importance of strategic and contractual issues in quality management.

261 citations

Posted Content
TL;DR: The authors assesses the size and types of costs that have been associated with these defaults and concludes that costs, measured by the fall in output, are particularly large when default is combined with banking and/or currency crises.
Abstract: Over the past quarter of a century, emerging market economies (EMEs) have defaulted on their sovereign debts frequently. This article assesses the size and types of costs that have been associated with these defaults. It emphasises that costs, measured by the fall in output, are particularly large when default is combined with banking and/or currency crises. Output losses also seem to increase the longer that countries stay in arrears or take to restructure their debts. The paper concludes with a number of policy suggestions to improve debt crisis prevention and management and the role played by the IMF.

260 citations

Journal ArticleDOI
TL;DR: The authors surveyed parents of 6- to 14-year-olds in eight European countries (N=6,400) and found that enabling mediation is associated with increased online opportunities but also risks.
Abstract: As internet use becomes widespread at home, parents are trying to maximize their children’s online opportunities while also minimizing online risks. We surveyed parents of 6- to 14-year-olds in eight European countries (N=6,400). A factor analysis revealed two strategies. Enabling mediation is associated with increased online opportunities but also risks. This strategy incorporates safety efforts, responds to child agency and is employed when parent or child is relatively digitally skilled, so may not support harm. Restrictive mediation is associated with fewer online risks but at the cost of opportunities, reflecting policy advice that regards media use as primarily problematic. It is favoured when parent or child digital skills are lower, potentially keeping vulnerable children safe yet undermining their digital inclusion.

260 citations


Authors

Showing all 9081 results

NameH-indexPapersCitations
Ichiro Kawachi149121690282
Amartya Sen149689141907
Peter Hall132164085019
Philippe Aghion12250773438
Robert West112106153904
Keith Beven11051461705
Andrew Pickles10943655981
Zvi Griliches10926071954
Martin Knapp106106748518
Stephen J. Wood10570039797
Jianqing Fan10448858039
Timothy Besley10336845988
Richard B. Freeman10086046932
Sonia Livingstone9951032667
John Van Reenen9844040128
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Performance
Metrics
No. of papers from the Institution in previous years
YearPapers
2023135
2022457
20212,030
20201,835
20191,636
20181,561