| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2747 |
| DP2747 Tariff Peaks in the Quad and Least Developed Country Exports | |
| Marcelo Olarreaga; Francis Ng | |
| 发表日期 | 2001-03-27 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | We argue that since there are several impediments to international risk sharing, the welfare gains from full international risk sharing, which have been the object of analysis in the previous literature, are not suggestive. Instead, we study the gains from feasible risk sharing and find that they are considerable (0.5% increase in permanent consumption). Marginal benefits from further risk sharing are low, which indicates that feasible risk sharing can achieve most of the benefits from international risk sharing. Surprisingly, we find that sharing short-term consumption risk lowers welfare. On the basis of the results we make suggestions on how to improve existing international risk sharing systems. |
| 主题 | International Macroeconomics |
| 关键词 | international risk sharing Welfare gains |
| URL | https://cepr.org/publications/dp2747 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531803 |
| 推荐引用方式 GB/T 7714 | Marcelo Olarreaga,Francis Ng. DP2747 Tariff Peaks in the Quad and Least Developed Country Exports. 2001. |
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