NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Can News About the Future Drive the Business Cycle?

Nir Jaimovich, Sergio Rebelo

NBER Working Paper No. 12537
Issued in September 2006

---- Acknowledgements -----

We thank the editor, Mark Gertler, three anonymous referees, and Gadi Barlevy, Paul Beaudry, Larry Christiano, Fabrice Collard, Wouter Denhaan, Martin Eichenbaum, Zvi Hercowitz, Erin Hoge, Navin Kartik, Benjamin Malin, Franck Portier, and Laura Veldkamp for their comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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