Crunch Time: Fiscal Crises and the Role of Monetary Policy
NBER Working Paper No. 19297
---- Acknowledgements ----
This paper was written for the U.S. Monetary Policy Forum, New York City, February 22, 2013. We thank Anil Kashyap for helpful comments. We also thank Matthew Luzzetti, Rumki Majumdar, and John Abraham for their substantive contributions to our analysis and Richard Cunniff for editorial assistance. The views expressed here are ours alone and do not necessarily reflect those of the institutions with which we are affiliated. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
---- Disclosure of Financial Relationships for James D. Hamilton ----
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Consulting: Federal Reserve Bank of New York, Bank of Korea; National Bureau of Economic Research, FDIC, Interamerican Development Bank; 4 hedge funds, BTG Pactual, Gavea Investimentos; Reserve Bank of Australia, Federal Reserve Bank of San Francisco, Einaudi Institute, Bank of Italy
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Co-Director, U.S. Monetary Policy Forum
Advisory Committee, Alfred P. Sloan Foundation’s Economic and Education Program
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U.S. Monetary Policy Forum: “Crunch Time: Fiscal Crises and the Role of Monetary Policy,” U.S. Monetary Policy Forum (Chicago: Chicago Booth Initiative on Global Markets, forthcoming)