On the Size Distribution of Macroeconomic Disasters
---- Acknowledgements ----
This research has been supported by the National Science Foundation. We appreciate helpful comments from Xavier Gabaix, Rustam Ibragimov, Chris Sims, Jose Ursua, and Marty Weitzman. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.