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.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 2000-27
- Classification
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Wirtschaft
- Subject
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Consumption (Economics)
Business cycles
- Event
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Geistige Schöpfung
- (who)
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Del Negro, Marco
- Event
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Veröffentlichung
- (who)
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Federal Reserve Bank of Atlanta
- (where)
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Atlanta, GA
- (when)
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2000
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Del Negro, Marco
- Federal Reserve Bank of Atlanta
Time of origin
- 2000