Title of article :
Optimal insurance design with random initial wealth
Author/Authors :
Mahul، Olivier نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2000
Abstract :
This paper employs quarterly data from the whole of Germany to test the stability of M3 demand for money. The methodology is based on an application of the CUSUM and CUSUMSQ in the context of error-correction modeling and cointegration. The results reveal some instability in M3 money demand function.
Keywords :
Background risk , Stochastic dominance , Disappearing deductible
Journal title :
Economics Letters
Journal title :
Economics Letters
