On the Link Between the Volatility and Skewness of Growth
NBER Working Paper No. 18556
---- Acknowledgements ----
We thank George-Marios Angeletos, Markus Brunnermeier, Francis Diebold, Simon Gilchrist, Francois Gourio, Bartozs Mackowiak, Kalin Nikolov, and Philippe Weil, as well as seminar participants at the ECB, for useful discussions. The views expressed do not necessarily reflect those of the European Central Bank, the Eurosystem, or the National Bureau of Economic Research.