Add to ORKGWe welcome comments, including references to related papers we inadvertently overlooked. The project started with our reading of John Cochrane's paper on the same subject and subsequent emails and conversations with him and Mark Gertler. We thank them both. We also thank Rich Clarida, Patrick Feve, Kei Kawai, Guillaume Roussellet, Ken Singleton, Gregor Smith, and Tao Zha for comments on earlier drafts, and participants in seminars at, and conference sponsored by, New York University, the Swedish House of Finance, and Toulouse. The material in Section 5.2 was suggested by an anonymous referee. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER wo...
Geoff Tate for helpful comments and suggestions. All remaining errors are of course our own. Holger ...
CEU and Konstanz for helpful comments and discussions. We especially thank Iván Werning for detailed...
for useful comments. We thank seminar and conference participants at various seminars and conference...
We would like to thank Luca Dedola, Kenza Benhima, Celine Poilly, and seminar participants at the Un...
We thank Todd Walker for helpful conversations and Jess Benhabib for useful communications on this t...
We thank Morris Davis and Wouter den Haan for helpful suggestions. We are also grateful for comments...
We thank Philippe Bacchetta for detail comments. All remaining errors are ours. The views expressed ...
and comments on an earlier draft. The views expressed herein are those of the author(s) and do not n...
for comments. Andrew Ang and Monika Piazzesi both acknowledge financial support from the National Sc...
of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis, the Federal Res...
We would like to thank seminar participants at a NBER workshop, the Bank of Canada and the Internati...
Bianchi, Daniele Siena and Cedric Tille for insightful discussions, and to seminar participants at s...
This essay was prepared for an event honoring Jean-Paul Fitoussi, to whom it owes an enormous intell...
The views expressedherein are those of the authors and do not necessarily reflect the views of the N...
for research support. Kashyap’s disclosures of his outside compensated activities are available on h...
Geoff Tate for helpful comments and suggestions. All remaining errors are of course our own. Holger ...
CEU and Konstanz for helpful comments and discussions. We especially thank Iván Werning for detailed...
for useful comments. We thank seminar and conference participants at various seminars and conference...
We would like to thank Luca Dedola, Kenza Benhima, Celine Poilly, and seminar participants at the Un...
We thank Todd Walker for helpful conversations and Jess Benhabib for useful communications on this t...
We thank Morris Davis and Wouter den Haan for helpful suggestions. We are also grateful for comments...
We thank Philippe Bacchetta for detail comments. All remaining errors are ours. The views expressed ...
and comments on an earlier draft. The views expressed herein are those of the author(s) and do not n...
for comments. Andrew Ang and Monika Piazzesi both acknowledge financial support from the National Sc...
of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis, the Federal Res...
We would like to thank seminar participants at a NBER workshop, the Bank of Canada and the Internati...
Bianchi, Daniele Siena and Cedric Tille for insightful discussions, and to seminar participants at s...
This essay was prepared for an event honoring Jean-Paul Fitoussi, to whom it owes an enormous intell...
The views expressedherein are those of the authors and do not necessarily reflect the views of the N...
for research support. Kashyap’s disclosures of his outside compensated activities are available on h...
Geoff Tate for helpful comments and suggestions. All remaining errors are of course our own. Holger ...
CEU and Konstanz for helpful comments and discussions. We especially thank Iván Werning for detailed...
for useful comments. We thank seminar and conference participants at various seminars and conference...