Fiscal Unions
收藏NBER2012-08-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w18280
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资源简介:
We study cross-country risk sharing as a second-best problem for members of a currency union using an open economy model with nominal rigidities and provide two key results. First, we show that if financial markets are incomplete, the value of gaining access to any given level of aggregate risk
提供机构:
美国国家经济研究局
创建时间:
2012-08-01



