Roeger, Werner; Vogel, Lukas - In: Jahrbücher für Nationalökonomie und Statistik 237 (2017) 3, pp. 275-294
Abstract The paper investigates the impact of automatic horizontal fiscal transfers on risk sharing and consumption smoothing in a 2-country DSGE model of monetary union. In particular, it uses the Asdrubali et al. (1996) approach to quantify and decompose the strength of consumption...