Perceptions and Misperceptions of Fiscal Inflation
---- Acknowledgements -----
Walker acknowledges support from NSF grant SES-0962221. We would like to thank seminar participants at the NBER Summer Institute, and Alberto Alesina, Michael Bordo, George von Furstenberg, Jordi Gali, Francesco Giavazzi, Juergen von Hagen, Chris Sims and Harald Uhlig for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.