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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17811| Title: | Consumption Volatility and Financial Openness |
| Keywords: | F41 F36 ddc:330 Consumption volatility financial integration G7 countries Gesamtwirtschaftlicher Konsum Volatilität Kapitalmarktliberalisierung Internationaler Finanzmarkt Marktintegration Schätzung G-7-Staaten |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | Economic theory predicts that the integration of financial markets lowers the volatility of consumption. In this paper, we study long-term trends in the consumption volatility of the G7 countries. Using different measures of financial openness, we find some evidence that greater financial openness has been associated with lower consumption volatility. However, volatility of consumption relative to output has not declined. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17811 |
| Other Identifiers: | http://hdl.handle.net/10419/17811 ppn:50394680X |
| Appears in Collections: | EconStor |
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