Policy Distortions and Aggregate Productivity with Heterogeneous Plants
---- Acknowledgements -----
We are grateful for comments of seminar participants at the 2003 NBER Summer Institute (Growth Workshop), University of Rochester, University of Iowa, 2005 Penn-Phily Fed Conference on Monetary and Macroeconomics, Federal Reserve Bank of Minneapolis, UCLA, Federal Reserve Bank of Chicago, New York University, 2004 Stanford Institute for Theoretical Economics (Heterogeneity and Aggregation in Macroeconomics Workshop), 2004 Meetings of the Society for Economic Dynamics (Florence), and HEC-Montreal. Rogerson thanks the NSF for financial support. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.