Borrowing constraints and international risk sharing: evidence from asymmetric error-correction

We analyse the adjustment process of consumption growth after disequilibrating output shocks in a sample of Organization for Economic Cooperation and Development (OECD) countries. In particular, we test the hypothesis that consumption is smoothed to a lesser degree after negative shocks, whereas the...

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Bibliographic details
Volume: 43
Main Author: Leibrecht, Markus
Scharler, Johann
Format: Journal Article
Language: English
Zielgruppe: Trade
Place of publication: ABINGDON Routledge 01.07.2011
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Taylor and Francis Journals
Taylor & Francis Group LLC
Taylor & Francis (Routledge)
published in: Applied economics Vol. 43; no. 17; pp. 2177 - 2184
Data of publication: 7/1/2011
ISSN: 0003-6846
1466-4283
EISSN: 1466-4283
Discipline: Economics
Series: Applied Economics
Subjects:
Online Access: Fulltext
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2011
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