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International Risk Sharing and the Irish Economy

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  • Agustin S. Benetrix

    (Trinity College Dublin)

Abstract

This paper studies international risk sharing in Ireland during the 1970-2007 period. Following the correlation- and regression-based approaches, we confirm that Ireland belongs to the rare set of countries where risk sharing took place. We also study whether changes in consumption and income risk sharing were associated with the European integration process by looking at specific sub-periods. We find no evidence of consumption risk sharing being associated with this. However, our empirical results suggest that income risk sharing improved as Europe became more integrated.

Suggested Citation

  • Agustin S. Benetrix, 2015. "International Risk Sharing and the Irish Economy," The Economic and Social Review, Economic and Social Studies, vol. 46(1), pages 29-49.
  • Handle: RePEc:eso:journl:v:46:y:2015:i:1:p:29-49
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    Cited by:

    1. Philip R. Lane, 2019. "Globalisation: A Macro-Financial Perspective," The Economic and Social Review, Economic and Social Studies, vol. 50(2), pages 249-263.

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    More about this item

    Keywords

    international risk sharing; consumption; Ireland; Europe;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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