Pegs and Pain

Stephanie Schmitt-Grohé, Martin Uríbe

NBER Working Paper No. 16847
Issued in March 2011

---- Acknowledgements -----

We thank Ester Faia, Robert Kollmann, Anna Kormilitsina, Jos´e L. Maia, Juan Pablo Nicolini, and seminar participants at various institutions for comments, Ozge Akinci, Ryan Chahrour, Stephane Dupraz, and Pablo Ottonello for research assistance, and the National Science Foundation for research support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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