This paper examines the extent of international consumption risk sharing for a group of 50 industrial and developing countries. The analysis is based on the empirical implementation of a model of partial consumption insurance whose parameters have the natural interpretation of coefficients of partial risk sharing even when the null hypothesis of perfect risk sharing is rejected. Estimation results show that rich countries exhibit higher degrees of...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2013/06/01
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Рабочий документ в рамках исследования вопросов политики
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WPS6479
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1
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1
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2013/06/01
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Disclosed
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Partial consumption insurance and financial openness across the world
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risk sharing
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Официальная версия документа (может содержать подписи, и т.д.)