NBER

Veronica Guerrieri, Guido Lorenzoni, Ludwig Straub, Iván Werning

NBER Working Paper No. 26918
Issued in April 2020

---- Acknowledgments ----

I do not have any conflict of interest or financial relationship that would bear on the research in this paper. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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