Marinheiro, Carlos Fonseca - 2003
This paper analyses the smoothing of asymmetric shocks to output for a sample of OECD countries. It also examines … the near future. The research finds no evidence of large differences in the patterns of risk sharing for the 19 OECD … countries, the EU-15 or euro-area countries, for the period 1970-1999. However, there were shown to be considerable differences …