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)
Resource Information
The item The Sharing of Macroeconomic Risk : Who Loses (and Gains) from Macroeconomic Shocks, Rudiger Ahrend, Jens Arnold and Charlotte Moeser, (electronic resource) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries.This item is available to borrow from all library branches.
Resource Information
The item The Sharing of Macroeconomic Risk : Who Loses (and Gains) from Macroeconomic Shocks, Rudiger Ahrend, Jens Arnold and Charlotte Moeser, (electronic resource) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries.
This item is available to borrow from all library branches.
- 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
- Language
- eng
- Extent
- 1 online resource 97 pages
- 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
- 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
- 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)
- 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)
- 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
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St. Louis Mercantile LibraryBorrow it1 University Blvd, St. Louis, MO, 63121, US38.710138 -90.311107
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University of Missouri-St. Louis Libraries DepositoryBorrow it2908 Lemone Blvd, Columbia, MO, 65201, US38.919360 -92.291620
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University of Missouri-St. Louis Libraries DepositoryBorrow it2908 Lemone Blvd, Columbia, MO, 65201, US38.919360 -92.291620
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Ward E Barnes Education LibraryBorrow it8001 Natural Bridge Rd, St. Louis, MO, 63121, US38.707079 -90.311355
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.umsl.edu/portal/The-Sharing-of-Macroeconomic-Risk--Who-Loses/IVaVvLOcmJg/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.umsl.edu/portal/The-Sharing-of-Macroeconomic-Risk--Who-Loses/IVaVvLOcmJg/">The Sharing of Macroeconomic Risk : Who Loses (and Gains) from Macroeconomic Shocks, Rudiger Ahrend, Jens Arnold and Charlotte Moeser, (electronic resource)</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.umsl.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.umsl.edu/">University of Missouri-St. Louis Libraries</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.umsl.edu/portal/The-Sharing-of-Macroeconomic-Risk--Who-Loses/IVaVvLOcmJg/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.umsl.edu/portal/The-Sharing-of-Macroeconomic-Risk--Who-Loses/IVaVvLOcmJg/">The Sharing of Macroeconomic Risk : Who Loses (and Gains) from Macroeconomic Shocks, Rudiger Ahrend, Jens Arnold and Charlotte Moeser, (electronic resource)</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.umsl.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.umsl.edu/">University of Missouri-St. Louis Libraries</a></span></span></span></span></div>
