News, Noise, and Fluctuations: An Empirical Exploration
NBER Working Paper No. 15015
---- Acknowledgements ----
We thank Daron Acemoglu, Marios Angeletos, Ricardo Caballero, Larry Christiano, Martin Eichenbaum, Matteo Iacoviello, Anna Mikusheva, Roberto Rigobon, Paul Schrimpf, Chris Sims, Mark Watson, Iván Werning and seminar participants at MIT, the NBER Summer Institute, the FED Board, University of Southern California, University of Maryland, EIEF, the AEA Meetings (San Francisco), Indiana University, the Richmond FED, and Brandeis University for very useful suggestions. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.