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https://doi.org/10.1016/j.econlet.2012.11.025
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Cite Journal: Economics Letters |  Publication Date: Nov 28, 2012 |
 Citations: 4 |
Affiliation: University of Cambridge
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.
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