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We study the channels of interstate risk sharing in Germany for the time period 1970 to 2006 following the methodology of Asdrubali et al. (1996). Their framework allows us to estimate the degree of smoothing of a shock to a state’s gross domestic product by factor markets, the government...
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Die demographische Entwicklung in Deutschland in den nächsten Dekaden und die EU-Osterweiterung haben zu einer heftigen …
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