Rational Attention Allocation Over the Business Cycle
NBER Working Paper No. 15450
---- Acknowledgements -----
We thank John Campbell, Joseph Chen, Xavier Gabaix, Vincent Glode, Ralph Koijen, Jeremy Stein, Matthijs van Dijk, and seminar participants at NYU Stern (economics and finance), Harvard Business School, Chicago Booth, MIT Sloan, Yale SOM, Stanford University (economics and finance), University of California at Berkeley (economics and finance), UCLA economics, Duke economics, University of Toulouse, University of Vienna, Australian National University, University of Melbourne, University of New South Wales, University of Sydney, University of Technology Sydney, Erasmus University, University of Mannheim, University of Alberta, Concordia, Lugano, the Amsterdam Asset Pricing Retreat, the Society for Economic Dynamics meetings in Istanbul, CEPR Financial Markets conference in Gerzensee, UBC Summer Finance conference, and Econometric Society meetings in Atlanta for useful comments and suggestions. Thank you to Isaac Baley for outstanding research assistance. Finally, we thank the Q-group for their generous financial 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.