Saving and the Long Shadow of Macroeconomic Shocks
---- Acknowledgements -----
Previously circulated as "Public and Private Saving and the Long Shadow of Macroeconomic Shocks." We are grateful to the two anonymous referees for their insightful comments on the earlier draft of this article. Any errors are ours. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.