Arbeitspapier
Consumption Volatility and Financial Openness
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Kiel Working Paper ; No. 1260
- Classification
-
Wirtschaft
Open Economy Macroeconomics
Financial Aspects of Economic Integration
- Subject
-
Consumption volatility
financial integration
G7 countries
Gesamtwirtschaftlicher Konsum
Volatilität
Kapitalmarktliberalisierung
Internationaler Finanzmarkt
Marktintegration
Schätzung
G-7-Staaten
- Event
-
Geistige Schöpfung
- (who)
-
Buch, Claudia M.
Yener, Serkan
- Event
-
Veröffentlichung
- (who)
-
Kiel Institute for World Economics (IfW)
- (where)
-
Kiel
- (when)
-
2005
- Handle
- Last update
-
20.09.2024, 8:21 AM CEST
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Buch, Claudia M.
- Yener, Serkan
- Kiel Institute for World Economics (IfW)
Time of origin
- 2005
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