Fujiki, Hiroshi; Nakakuki, Masayuki - In: Monetary and Economic Studies 23 (2005) 2, pp. 31-60
We use the methodology of Kalemli-Ozcan, Sorensen, and Yosha ( 2003) to calculate the degree of insurance among the Japanese prefectures. Prefectural-level data for fiscal years 1975 to 1999 are used to analyze the impact of idiosyncratic shocks to regional income. The results indicate that...
