Arbeitspapier
Consumption Volatility and Financial Openness
Economic theory predicts that the integration of financial markets lowers the volatility of consumption. In this paper, we study long-term trends in the consumption volatility of the G7 countries. Using different measures of financial openness, we find some evidence that greater financial openness has been associated with lower consumption volatility. However, volatility of consumption relative to output has not declined.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1260
Klassifikation
Wirtschaft
Open Economy Macroeconomics
Financial Aspects of Economic Integration
Open Economy Macroeconomics
Financial Aspects of Economic Integration
Thema
Consumption volatility
financial integration
G7 countries
Gesamtwirtschaftlicher Konsum
Volatilität
Kapitalmarktliberalisierung
Internationaler Finanzmarkt
Marktintegration
Schätzung
G-7-Staaten
financial integration
G7 countries
Gesamtwirtschaftlicher Konsum
Volatilität
Kapitalmarktliberalisierung
Internationaler Finanzmarkt
Marktintegration
Schätzung
G-7-Staaten
Ereignis
Geistige Schöpfung
(wer)
Buch, Claudia M.
Yener, Serkan
Yener, Serkan
Ereignis
Veröffentlichung
(wer)
Kiel Institute for World Economics (IfW)
(wo)
Kiel
(wann)
2005
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Buch, Claudia M.
- Yener, Serkan
- Kiel Institute for World Economics (IfW)
Entstanden
- 2005
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