Government Size and International Consumption Risk Sharing

Markus Leibrecht and Johann Scharler

No 2009-17, Economics working papers from Department of Economics, Johannes Kepler University Linz, Austria

Abstract: We investigate the influence of government size on the exposure of consumption growth to country-specific fluctuations in output growth using a sample of OECD countries. To the extent that governments are less constrained on international financial markets, it appears conceivable that governments diversify risks interna- tionally on behalf of agents. Our results indicate that the extent of international risk sharing is unrelated to the size of the public sector.

Keywords: Government Size; International Risk Sharing (search for similar items in EconPapers)
JEL-codes: F30 H00 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2009-11
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Persistent link: https://EconPapers.repec.org/RePEc:jku:econwp:2009_17

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