The Resource The Sharing of Macroeconomic Risk : Who Loses (and Gains) from Macroeconomic Shocks, Rudiger Ahrend, Jens Arnold and Charlotte Moeser, (electronic resource)

The Sharing of Macroeconomic Risk : Who Loses (and Gains) from Macroeconomic Shocks, Rudiger Ahrend, Jens Arnold and Charlotte Moeser, (electronic resource)

Label
The Sharing of Macroeconomic Risk : Who Loses (and Gains) from Macroeconomic Shocks
Title
The Sharing of Macroeconomic Risk
Title remainder
Who Loses (and Gains) from Macroeconomic Shocks
Statement of responsibility
Rudiger Ahrend, Jens Arnold and Charlotte Moeser
Creator
Contributor
Subject
Language
eng
Summary
This paper addresses the often neglected question of how macroeconomic risk is shared across and within economies, and identifies reforms that could contribute towards achieving more desirable risksharing outcomes. For risk-sharing across countries, the paper discusses possibilities for international insurance as well as shock-spreading and risk-mitigating policies. Within countries, it assesses the possibilities for individuals to protect their wealth, labour and capital income against various forms of macroeconomic risk and discusses the desirable boundaries between private and government-sponsored risk-sharing institutions. The paper then presents new empirical and model-based evidence about how the short-term impact of selected macroeconomic shocks (including financial crises) is shared across different groups of agents, and analyses how such distributional effects are shaped by differences in institutions. For example, individuals on low incomes, and especially young people, seem in general to lose most from adverse macroeconomic shocks. Also, it appears that across countries two broad types of institutions can be identified that facilitate risk sharing between high and low income earners, namely "social protection" and "reallocation-facilitating" institutions. Based on countries' reliance on these types of institutions, four broad "models" of risk sharing are identified across the OECD and the BRIICS
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Ahrend, Rudiger
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Arnold, Jens
  • Moeser, Charlotte
Series statement
OECD Economics Department Working Papers,
Series volume
no.877
http://library.link/vocab/subjectName
Economics
Label
The Sharing of Macroeconomic Risk : Who Loses (and Gains) from Macroeconomic Shocks, Rudiger Ahrend, Jens Arnold and Charlotte Moeser, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762088827
Dimensions
21 x 30 cm
Extent
1 online resource 97 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5kg8hw5467wd-en
Specific material designation
remote
System control number
(OCoLC)762088827
Label
The Sharing of Macroeconomic Risk : Who Loses (and Gains) from Macroeconomic Shocks, Rudiger Ahrend, Jens Arnold and Charlotte Moeser, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762088827
Dimensions
21 x 30 cm
Extent
1 online resource 97 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5kg8hw5467wd-en
Specific material designation
remote
System control number
(OCoLC)762088827

Library Locations

  • St. Louis Mercantile LibraryBorrow it
    1 University Blvd, St. Louis, MO, 63121, US
    38.710138 -90.311107
  • Thomas Jefferson LibraryBorrow it
    1 University Blvd, St. Louis, MO, 63121, US
    38.710138 -90.311107
  • University ArchivesBorrow it
    703 Lewis Hall, Columbia, MO, 65211, US
  • University of Missouri-St. Louis Libraries DepositoryBorrow it
    2908 Lemone Blvd, Columbia, MO, 65201, US
    38.919360 -92.291620
  • University of Missouri-St. Louis Libraries DepositoryBorrow it
    2908 Lemone Blvd, Columbia, MO, 65201, US
    38.919360 -92.291620
  • Ward E Barnes Education LibraryBorrow it
    8001 Natural Bridge Rd, St. Louis, MO, 63121, US
    38.707079 -90.311355
Processing Feedback ...