Happiness, Contentment and Other Emotions for Central Banks
---- Acknowledgements -----
This paper was prepared for the Federal Reserve Bank of Boston, "Implications of Behavioral Economics for Economic Policy" conference, September 27-28th, 2007. For very helpful comments and discussions, we thank our commentators, Greg Mankiw and Alan Krueger, as well as conference participants, Huw Pill, John Helliwell, Sebastian Galiani, Rawi Abdelal, and Julio Rotemberg. We thank Jorge Albanesi for excellent research assistance. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.