Search results for "Reversals"
showing 2 items of 2 documents
Can re-regulation of the financial sector strike back public debt?
2015
This paper analyzes the impact of financial sector policy changes on the dynamics of public debt. Using a panel of 89 countries from 1973 to 2005, we find that while the implementation of (large) financial liberalisation policies significantly raises the public debt growth rate, the adoption of financial re-regulation measures leads to a mild reduction of public debt. Looking at the different typologies of financial sector policy changes, we show that stricter banking supervision, privatisations and restrictions to international capital flows contribute to a fast decline of the growth rate of public debt. In contrast, the removal of entry barriers and the elimination of interest rate contro…
Measuring and Evaluating Intergenerational Mobility: Evidence from Students’ Questionnaires
2005
Three fundamental ideas in the study of intergenerational mobility are those of structural mobility, origin independence and rank reversal. We review the theoretical literature focused on the three ideas and present evidence from a questionnaire designed to test students’ views regarding the different notions. The questionnaire is conducted under both a “measurement” and an “evaluation” frame; it uses questions involving both verbal statements of the principles tested and pairwise comparisons of simple hypothetical mobility situations; for the latter exercise, the questionnaire introduces a new intuitive display based on mobility trees. The evidence provides various results: most notably, o…