| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5059997 | Economics Letters | 2013 | 4 Pages |
Abstract
I analyze the perfect risk-sharing condition in the time-frequency domain using wavelets. Some countries engage more in risk-sharing at specific frequencies while others at all frequencies, but only for a short period of time. Increasing degree of risk-sharing over time is visible only for the UK and the US and only at low frequencies.
⺠I analyze the perfect risk-sharing condition in the time-frequency domain. ⺠I employ the wavelet coherency. ⺠Countries engage more in risk-sharing at specific frequencies. ⺠Others engage in risk-sharing at all frequencies, but only for a short period of time. ⺠Increasing risk-sharing is visible only for US and UK.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Riccardo Trezzi,