Macroeconomic Modeling for Monetary Policy Evaluation
---- Acknowledgements -----
The authors thank Jim Hines, Andrei Shleifer, Jeremy Stein, and Timothy Taylor for helpful comments and suggestions on an earlier draft, and Steve Nicklas for excellent research assistance. Gali is grateful to CREA-Barcelona Economics and Ministerio de Educacion y Ciencia. Gertler thanks the NSF and the Guggenheim Foundation. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.