Risk Matters: The Real Effects of Volatility Shocks
NBER Working Paper No. 14875
---- Acknowledgements -----
We thank Marco Bomono, Javier García-Cicco, Alejandro Justiniano, Jim Hamilton, Kolver Hernandez, Ralph Koijen and participants at various seminars and conferences for useful comments. Beyond the usual disclaimer, we must note that any views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Atlanta, nor the Federal Reserve System, nor the National Bureau of Economic Research. Finally, we also thank the NSF for financial support.