Firm Dynamics and Financial Development
---- Acknowledgements -----
We thank V. V. Chari, Chris House, Patrick Kehoe, Narayana Kocherlakota, Ed Prescott, Vincenzo Quadrini, and Richard Rogerson for useful comments and suggestions. We thank Jacek Rothert for excellent research assistance. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System or the National Bureau of Economic Research.