NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Optimal Savings Distortions with Recursive Preferences

Emmanuel Farhi, Iván Werning

NBER Working Paper No. 13720
Issued in January 2008

---- Acknowledgements -----

We thank George-Marios Angeletos, Narayana Kocherlakota, Andy Atkeson and Martin Schneider for useful comments and insightful discussions. All remaining errors are our own. 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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