suggestions. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research. At the time at which this paper was first drafted, I had a consulting relationship with the Federal Reserve Bank of Richmond. Also, an early version of the paper was presented at a conference held by the Swiss National Bank. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications
The views expressed here in are those of the authors and not necessarily those of the Federal Reserv...
helpful conversations as well as the Research Department at the Federal Reserve Bank of Boston for t...
and conference participants for helpful comments and conversations. I gratefully acknowledge researc...
and Carl Walsh for helpful comments on earlier versions. The views expressed herein are those of the...
We thank the NSF for financial support and Kathy Rolfe and Joan Gieseke for excellent editorial assi...
comments on an earlier draft. This research was supported by the National Science Foundation. The au...
I would like to thank Michael Belongia, Paul Evans, and an anonymous referee for extremely helpful c...
and comments. The views expressed herein are those of the author and do not necessarily reflect the ...
seminar participants for many helpful comments. I thank CRSP and the Guggenheim Foundation for resea...
I am grateful to Bernd Kempa and Mike Woodford for helpful discussions and comments and to Roger Mes...
and comments on an earlier draft. The views expressed herein are those of the author(s) and do not n...
acknowledged. The views expressed herein are those of the author(s) and do not necessarily reflect t...
comments. The views expressed herein are those of the authors and do not necessarily reflect the vie...
Romer, Lars Svensson, Mike Woodford, and the conference participants for useful discussions, and to ...
for comments on an earlier draft. The views expressed herein are those of the author and do not nece...
The views expressed here in are those of the authors and not necessarily those of the Federal Reserv...
helpful conversations as well as the Research Department at the Federal Reserve Bank of Boston for t...
and conference participants for helpful comments and conversations. I gratefully acknowledge researc...
and Carl Walsh for helpful comments on earlier versions. The views expressed herein are those of the...
We thank the NSF for financial support and Kathy Rolfe and Joan Gieseke for excellent editorial assi...
comments on an earlier draft. This research was supported by the National Science Foundation. The au...
I would like to thank Michael Belongia, Paul Evans, and an anonymous referee for extremely helpful c...
and comments. The views expressed herein are those of the author and do not necessarily reflect the ...
seminar participants for many helpful comments. I thank CRSP and the Guggenheim Foundation for resea...
I am grateful to Bernd Kempa and Mike Woodford for helpful discussions and comments and to Roger Mes...
and comments on an earlier draft. The views expressed herein are those of the author(s) and do not n...
acknowledged. The views expressed herein are those of the author(s) and do not necessarily reflect t...
comments. The views expressed herein are those of the authors and do not necessarily reflect the vie...
Romer, Lars Svensson, Mike Woodford, and the conference participants for useful discussions, and to ...
for comments on an earlier draft. The views expressed herein are those of the author and do not nece...
The views expressed here in are those of the authors and not necessarily those of the Federal Reserv...
helpful conversations as well as the Research Department at the Federal Reserve Bank of Boston for t...
and conference participants for helpful comments and conversations. I gratefully acknowledge researc...