Foresight and Information Flows

Eric M. Leeper, Todd B. Walker, Shu-Chun Susan Yang

NBER Working Paper No. 16951
Issued in April 2011

---- Acknowledgements -----

Walker acknowledges support from NSF grant SES-0962221. Yang thanks Academia Sinica for support in the early stages of this research. We also acknowledge comments by Troy Davig, Mike Dotsey, Dale Henderson, Beth Klee, Karel Mertens, Jim Nason, Ricardo Nunes, Morten Ravn, Chris Sims, and participants at many conferences and presentations. Joonyoung Hur provided excellent research assistance. We are particularly grateful to Harald Uhlig and four anonymous referees for helpful comments. The views expressed herein are those of the authors and should not be attributed to the IMF, its Executive Board, its management, or the National Bureau of Economic Research.

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