How Much Does Household Collateral Constrain Regional Risk Sharing?
收藏NBER2004-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10505
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资源简介：
We construct a new data set of consumption and income data for the largest US metropolitan areas, and we show that the covariance of regional consumption and income growth varies over time and in the cross-section. In times and regions where collateral is scarce, regional consumption growth is about
提供机构：
美国国家经济研究局
创建时间：
2004-05-01
