NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Aggregate Implications of Innovation Policy

Andrew Atkeson, Ariel T. Burstein

NBER Working Paper No. 17493
Issued in October 2011, Revised in June 2018

---- Acknowledgements ----

We thank Manolis Hatzikonstantinou and Liyan Shi for research assistance, and Ufuk Akcigit, Costas Arkolakis, Francisco Buera, Arnaud Costinot, Chad Jones, Pete Klenow, Rasmus Lentz, Ellen McGrattan, Juan Pablo Nicolini, Pedro Teles, Aleh Tsyvinski, Ivan Werning, and four anonymous referees for very useful comments. We thank the National Science Foundation (Award Number 0961992) for research support. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis, the Federal Reserve System, or National Bureau of Economic Research.

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