Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance
NBER Working Paper No. 13724
---- Acknowledgements -----
For helpful conversations and comments, I thank Robert Barro, David Chapman, Alex Edmans, Emmanuel Farhi, Francois Gourio, Sydney Ludvigson, Anthony Lynch, Thomas Philippon, José Scheinkman, Stijn Van Nieuwerburgh, Adrien Verdelan, Stanley Zin, and seminar participants at Duke, Harvard, Minnesota Workshop in Macro Theory, MIT, NBER, Paris School of Economics, Princeton, Texas Finance Festival, UCLA, and Washington University at Saint Louis. I thank the NSF for 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.