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Output smoothing in EMU and OECD : can we forego government contribution? : a risk sharing approach

Marinheiro, Carlos Fonseca - 2003

This paper analyses the smoothing of asymmetric shocks to output for a sample of OECD countries. It also examines whether the private capital markets will be able to replace the government in providing output smoothing in the euro-area, in the near future. The research finds no evidence of large...

Persistent link: https://www.econbiz.de/10011509508

Risk sharing in the EMU : a time-varying perspective

Foresti, Pasquale; Napolitano, Oreste - In: Journal of common market studies : JCMS 60 (2022) 2, pp. 319-336

Persistent link: https://www.econbiz.de/10012820575

Output Smoothing in EMU and OECD: Can We Forego Government Contribution? A risk sharing approach

Marinheiro, Carlos - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2003

This paper analyses the smoothing of asymmetric shocks to output for a sample of OECD countries. The research finds no evidence of large differences in the patterns of risk sharing for the 19 OECD countries, the EU-15 or euro-area countries, for the period 1970-1999. However, there were shown to...

Persistent link: https://www.econbiz.de/10005696488

Risk Sharing and EMU

Melitz, Jacques - C.E.P.R. Discussion Papers - 2004

What are the prospects that risk sharing in EMU will ever attain the levels in the US? So far as the risk sharing in … and evidence on the subject. The evidence would indicate that EMU still lags far behind the US as regards the pooling of …

Persistent link: https://www.econbiz.de/10005124020

Output Smoothing in EMU and OECD: Can We Forego Government Contribution? A Risk Sharing Approach

Marinheiro, Carlos Fonseca - 2003

Persistent link: https://www.econbiz.de/10010315913

Fiscal integration and growth stimulation in Europe

DREZE, Jacques; DURRE, Alain - Center for Operations Research and Econometrics (CORE), … - 2013

(EMU) has become patent leading to an intense debate among academics and policy makers. Most of the debate focuses on the … essential to guarantee the sustainability of the EMU. More specifically, we propose mechanisms to cope with intergenerational …

Persistent link: https://www.econbiz.de/10010662667

Interregional and International Risk Sharing and Lessons for EMU

Mélitz, Jacques; Zumer, Frédéric - Sciences économiques, Sciences Po - 1999

lessons for EMU? We study these questions based on regional data from the US, Canada, the UK and Italy, and national data from … will reduce the capacity of the members of EMU to smooth shocks via macroeconomic policy, the regime will promote smoothing …

Persistent link: https://www.econbiz.de/10011003644

Risk sharing and portfolio allocation in EMU

Demyanyk, Yuliya; Ostergaard, Charlotte; Sorensen, Bent E. - Directorate-General Economic and Financial Affairs, … - 2008

and the European Economic and Monetary Union (EMU) has increased since the adoption of the euro. We ask: Have the recent … assets? Do investments in EMU countries provide more or less risk sharing per euro invested compared to investments in non-EMU …

Persistent link: https://www.econbiz.de/10008459243

Interregional and International Risk Sharing and Lessons for EMU

Melitz, Jacques; Zumer, Frédéric - C.E.P.R. Discussion Papers - 1999

Persistent link: https://www.econbiz.de/10005661432

Interregional and International Risk Sharing and Lessons for EMU

Mélitz, Jacques; Zumer, Frédéric - Department of Economics, Sciences économiques - 1999

Persistent link: https://www.econbiz.de/10010756778