Journal of Monetary Economics 2020 DOI: 10.1016/j.jmoneco.2019.09.010 View full text
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Andrés Blanco, Javier Cravino

Abstract: along with our discussant Kei-Mu Yi and seminar and workshop participants at several institutions for very helpful comments and suggestions. We also thank Wenting Song for superb research assistance. Javier Cravino thanks the International Economics Section at Princeton University for its hospitality and funding during part of this research. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulate…

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