Publication
Nov 2005
This paper discusses long-term trends in the consumption volatility of the G7 countries. Using different measures of financial openness, the authors find some evidence that greater financial openness has been associated with lower consumption volatility, like economic theory would predict. They point out, however, that volatility of consumption relative to output has not declined.
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English (PDF, 32 pages, 872 KB) |
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Author | Claudia M Buch, Serkan Yener |
Series | Kiel Institute Working Papers |
Issue | 1260 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2005 Kiel Institute for the World Economy |