Quotation Leibrecht, Markus, Scharler, Johann. 2009. Government Size and International Consumption Risk Sharing. DEPARTMENT OF ECONOMICS JOHANNES KEPLER UNIVERSITY OF LINZ, Working Paper No. 0917.


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Abstract

We 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 internationally 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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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Working/discussion paper, preprint
Language English
Title Government Size and International Consumption Risk Sharing
Title of whole publication DEPARTMENT OF ECONOMICS JOHANNES KEPLER UNIVERSITY OF LINZ, Working Paper No. 0917
Year 2009
URL http://www.econ.jku.at/papers/2009/wp0917.pdf

Associations

Projects
F2013: Linking Infrastructure and Taxes as Determinants of Multinational Activity: An Empirical Study of Foreign Direct Investment in Central and Eastern European Countries
People
Leibrecht, Markus (Former researcher)
External
Scharler, Johann (University of Zurich, Switzerland)
Organization
Institute for Public Sector Economics IN (Details)
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