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common shocks that euro area member states have been facing over the past years are just that: common. Yet their impacts are … of public and private risk sharing in the euro area, focusing in particular on whether they act as complements or … as well as the overall degree of risk sharing are still comparatively low in the euro area. …
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We document stark asynchronicity across U.S. states, particularly across groups of states whose populations have voted consistently Democrat or consistently Republican in national elections; and we show that their risk-sharing channels differ substantially. However, we find that these groups of...
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This paper investigates the strategic incentives for vertical foreign investment by risk-neutral oligopolistic firms and the effect of exchange rate uncertainty on such investment. Firms competing in a domestic final good market meet their input requirements through import. They have the option...
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