In this policy brief we review some of the available evidence on the degree and sources of risk sharing in the Eurozone, compared with the US federation, especially drawing on Milano (2017), which updates the estimates on the variance decomposition introduced in Asdrubali et al. (1996) up to 2014 and identifies the contribution to risk sharing in the Eurozone of the EU public institutions (ESM, ESFS, ESFM).
Risk Sharing across the EMU: The Role of Public Institutions / Reichlin, Pietro; Milano, Valentina. - (2018), pp. 77-83. ((Intervento presentato al convegno Enhanced Fiscal Integration in the EMU? ESM-ECFIN-GCEE Workshop Proceedings tenutosi a Bruxelles nel 19 settembre 2017 [10.2765/007960].
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Titolo: | Risk Sharing across the EMU: The Role of Public Institutions | |
Autori: | ||
Data di pubblicazione: | 2018 | |
Citazione: | Risk Sharing across the EMU: The Role of Public Institutions / Reichlin, Pietro; Milano, Valentina. - (2018), pp. 77-83. ((Intervento presentato al convegno Enhanced Fiscal Integration in the EMU? ESM-ECFIN-GCEE Workshop Proceedings tenutosi a Bruxelles nel 19 settembre 2017 [10.2765/007960]. | |
Abstract: | In this policy brief we review some of the available evidence on the degree and sources of risk sharing in the Eurozone, compared with the US federation, especially drawing on Milano (2017), which updates the estimates on the variance decomposition introduced in Asdrubali et al. (1996) up to 2014 and identifies the contribution to risk sharing in the Eurozone of the EU public institutions (ESM, ESFS, ESFM). | |
Handle: | http://hdl.handle.net/11385/182256 | |
ISBN: | 978-92-79-77419-5 | |
Appare nelle tipologie: | 04.1 - Contributo in Atti di convegno (Paper in Proceedings) |
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Enhanced_RS.pdf | Versione dell'editore | ![]() | Open Access Visualizza/Apri |