NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Takeoffs

Joshua Aizenman, Mark Spiegel

NBER Working Paper No. 13084
Issued in May 2007

---- Acknowledgements -----

We thank Nina Budina, Menzie Chinn, Art Kraay, Lant Pritchett, and Dani Rodrik for data assistance, and Yin-Wong Cheung, Michael Hutchison, Lant Pritchett and Thomas Wu for useful comments. Christopher Candelaria provided excellent research assistance. The views expressed in this paper are our own and do not necessarily reflect those of the Federal Reserve Board of Governors or the Federal Reserve Bank of San Francisco or the National Bureau of Economic Research.

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