Arbeitspapier
Asymmetric shocks among U.S. states
This paper applies a factor model to the study of risk sharing among U.S. states. The factor model makes it possible to disentangle movements in output and consumption due to national, regional, or state-specific business cycles from those due to measurement error. The results of the paper suggest that some findings of the previous literature which indicate a substantial amount of interstate risk sharing may be due to the presence of measurement error in output. When measurement error is properly taken into account, the evidence points towards a lack of interstate smoothing.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2000-27
- Klassifikation
-
Wirtschaft
- Thema
-
Consumption (Economics)
Business cycles
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Del Negro, Marco
- Ereignis
-
Veröffentlichung
- (wer)
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Federal Reserve Bank of Atlanta
- (wo)
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Atlanta, GA
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Del Negro, Marco
- Federal Reserve Bank of Atlanta
Entstanden
- 2000