Series: IMF Working Papers
Author(s): Zhaogang Qiao
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2010
Keywords: Consumption risk sharing, Intertemporal smoothing, Nonstationary panel analysis, Cointegration, risk sharing, equation, time series, statistic, Macroeconomics and Monetary Economics: General, International Economics: General,
This paper estimates an empirical nonstationary panel regression model that tests long-run consumption risk sharing across a sample of OECD and emerging market (EM) countries. This is in contrast to the existing li...