Semiparametric Estimates of Monetary Policy Effects: String Theory Revisited
NBER Working Paper No. 19355
---- Acknowledgements -----
Thanks go to Jordi Galì, Ivan Werning, and seminar participants at the Bank of England, the European Central Bank, the Federal Reserve Bank of San Francisco, the NBER Summer Institute 2013, and Yale University for helpful suggestions and comments. The views expressed here are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of San Francisco or the Board of Governors of the Federal Reserve System, or the National Bureau of Economic Research. Early Elias provided expert research assistance.