Challenges in Identifying and Measuring Systemic Risk
NBER Working Paper No. 18505
---- Acknowledgements ----
I benefitted from helpful suggestions by Amy Boonstra, Gary Becker, Mark Brickell, John Heaton, Jim Heckman, Arvind Krishnamurthy, Monika Piazzesi, Toni Shears, Stephen Stigler and especially Markus Brunnermeier, Andy Lo, Tom Sargent and Grace Tsiang in writing this chapter. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.