Government Size and International Consumption Risk Sharing
AbstractWe investigate the influence of government size on the exposure of consumption growth to country-specific fluctuations in output growth using a sample of OECD countries. To the extent that governments are less constrained on international financial markets, it appears conceivable that governments diversify risks interna- tionally on behalf of agents. Our results indicate that the extent of international risk sharing is unrelated to the size of the public sector.
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Bibliographic InfoPaper provided by Department of Economics, Johannes Kepler University Linz, Austria in its series Economics working papers with number 2009-17.
Length: 11 pages
Date of creation: Nov 2009
Date of revision:
Government Size; International Risk Sharing;
Find related papers by JEL classification:
- F30 - International Economics - - International Finance - - - General
- H00 - Public Economics - - General - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-04-17 (All new papers)
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