Do Deficits Affect the Level of Insurance?

The authors' note shows that the level of risk-sharing is not likely to increase when a deficit is created. A certain level of insurance can as easily be accomplished under a balanced budget or under a surplus, and the creation of a deficit does not provide a superior means, and probably an inferior one, of accomplishing risk reduction. Copyright 1994 by Ohio State University Press.

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Year of publication:	1994
Authors:	Fremling, Gertrud M ; Lott Jr., John R
Published in:	Journal of Money, Credit and Banking. - Blackwell Publishing. - Vol. 26.1994, 4, p. 934-40
Publisher:	Blackwell Publishing

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005222014