Regional redistribution and stabilization by the center in Canada, France, the UK and the US:: A reassessment and new tests
By Jacques Mélitz, Frédéric Zumer. 2002
140 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Political Science and International Relations
View Paper: https://www.semanticscholar.org/paper/b7cdea8159cd47bc201cf9f0467d7188c4fd264e
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Torben Iversen
- D. Soskice
- D. Hope
- P. Hall
- Gregory Jackson
- Alexander W. Schmidt-Catran
- Ruth V. Aguilera
- A. Cukierman
In Political Science and International Relations
- Torben Iversen
- D. Soskice
- Marius R. Busemeyer
- David Rueda
- P. Hall
- Gregory Jackson
- L. Kenworthy
- Kathleen Thelen
Citations in the corpus
- The Eurozone and Political Economic Institutions (2016, background): “Again, the contrast with the United States is stark; the US federal tax and transfer system provides 10--20% stabilization in the face of state-specific aggregate demand shocks (Melitz & Zumer 2002).”
- The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism? (2013, unknown): “Mélitz and Zumer (1999, 2002) analyze regional data for the U.K. and Italy, and find that the degree of risk sharing provided by capital markets is similar to the U.S., while risk sharing operating through the public sector and credit markets is almost null.”
- Automatic Stabilizers and Economic Crisis: US vs. Europe (2012, unknown): “More recent contributions include Fatàs and Mihov (2001), Blanchard and Perotti (2002), Mélitz and Zumer (2002).”
- On the optimal design of disaster insurance in a federation (2011, unknown): “Melitz and Zumer (2002) summarize previous results and provide a well-founded estimate that central government redistribution offsets about 10–20% of shocks to personal income in four countries.4 Our analysis points to a somewhat different shock—natural disasters—but the similarity is clear.”