US Interstate Risk Sharing: A Post-Crisis Examination

Vincent Duwicquet () and Etienne Farvaque

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Abstract: This paper examines the modalities of risk sharing in the United States, and their evolution between the pre-financial crisis period and the post-crisis one. Reassessing the mechanisms at play in the US economy, we document a lower share of adjustment coming from capital markets, in comparison to previous estimates. The measures taken during the crisis have not impacted the absolute degree of risk sharing, although the relative size of its components has changed, with a stronger role for the federal government.

Keywords: risk sharing; united states (search for similar items in EconPapers)
Date: 2016-06-22
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Citations: View citations in EconPapers (1)

Published in Pacific Economic Review, 2016, ⟨10.1111/1468-0106.12167⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01533525

DOI: 10.1111/1468-0106.12167

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