Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73630
Authors: 
Leibrecht, Markus
Scharler, Johann
Year of Publication: 
2009
Series/Report no.: 
Working Paper, Department of Economics, Johannes Kepler University of Linz 0917
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.
Subjects: 
Government Size
International Risk Sharing
JEL: 
F30
H00
Document Type: 
Working Paper

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