US Interstate Risk Sharing: A Post-Crisis Examination

Abstract : This paper examines the modalities of risk sharing in the United States, and their evolution between the pre-financial crisis period and the post-crisis one. Reassessing the mechanisms at play in the US economy, we document a lower share of adjustment coming from capital markets, in comparison to previous estimates. The measures taken during the crisis have not impacted the absolute degree of risk sharing, although the relative size of its components has changed, with a stronger role for the federal government.
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Article dans une revue
Pacific Economic Review, Wiley, 2016, 〈10.1111/1468-0106.12167〉
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https://hal.archives-ouvertes.fr/hal-01533525
Contributeur : Romain Boisselet <>
Soumis le : mardi 6 juin 2017 - 15:43:59
Dernière modification le : mardi 3 juillet 2018 - 11:23:04

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Vincent Duwicquet, Etienne Farvaque. US Interstate Risk Sharing: A Post-Crisis Examination. Pacific Economic Review, Wiley, 2016, 〈10.1111/1468-0106.12167〉. 〈hal-01533525〉

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