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Has Globalization Improved International Risk Sharing?

✍ Scribed by Nikolaos Antonakakis; Johann Scharler


Book ID
117953500
Publisher
John Wiley and Sons
Year
2012
Tongue
English
Weight
616 KB
Volume
15
Category
Article
ISSN
1367-0271

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## Abstract In this paper we examine the implications of international risk sharing among a set of countries in the presence of market frictions which complicate the instantaneous adjustment to the first‐order conditions. We suggest approximating the consumption streams of countries belonging to th