Authors
Alexander Karaivanov, Benoit Mojon, Luiz Pereira da Silva, Albert Pierres Tejada, Robert Townsend
- Acknowledgements & Disclosure
- We acknowledge fruitful discussions and comments from seminar participants at the BIS, the ESM, and the IMF research department, as well as from Giovanni Dell’ Ariccia, Katharina Bergant, Matthias Gnewuch, Enisse Kharoubbi and Frank Smets. The views expressed in this paper are solely those of the authors and not necessarily those of the Bank for International Settlements or the National Bureau of Economic Research. Karaivanov gratefully acknowledges financial support from the Social Sciences and Humanities Research Council of Canada, grant 435-2018-0111.
- DOI
- https://doi.org/10.3386/w32396
- Published in
- United States of America