Hepp, Ralf; Hagen, Jürgen von - 2010
We study the channels of interstate risk sharing in Germany for the time period 1970 to 2006 following the methodology … 1994 pre-unification Germany we find that about 19 percent of shocks to a state's gross domestic product (GDP) are smoothed … period, we also split our sample between West and East German states. In West Germany, 63 percent of idiosyncratic income …
