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World Income Components: Measuring and Exploiting International Risk Sharing Opportunities

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NBER1995-04-01 更新2025-01-04 收录
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We provide methods of decomposing the variance of world national incomes into components in such a way as to indicate the most important risk-sharing opportunities, and, therefore, the most important missing international risk markets to establish. One method uses a total variance reduction

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1995-04-01
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