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
Englisch

Bibliographic citation
Series: Working Paper ; No. 2000-27

Classification
Wirtschaft
Subject
Consumption (Economics)
Business cycles

Event
Geistige Schöpfung
(who)
Del Negro, Marco
Event
Veröffentlichung
(who)
Federal Reserve Bank of Atlanta
(where)
Atlanta, GA
(when)
2000

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Del Negro, Marco
  • Federal Reserve Bank of Atlanta

Time of origin

  • 2000

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