NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Systemic Risks and the Macroeconomy

Gianni De Nicolò, Marcella Lucchetta

NBER Working Paper No. 16998
Issued in April 2011

---- Acknowledgements -----

We thank without implications Fabio Canova, David Romer, Ken West, Hao Zhou, Harry Mamaysky and seminar participants at the IMF and at the November 2009 NBER/Fed Cleveland Research Conference on "Quantifying Systemic Risk" for comments and suggestions. The views expressed in this paper are those of the authors and do not necessarily represent the views of the International Monetary Fund or the National Bureau of Economic Research.

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