News Driven Business Cycles: Insights and Challenges
---- Acknowledgements -----
The authors have benefited from discussion with Fabrice Collard, Martial Dupaigne, Patrick Feve, Domenico Giannone and Andre Kurmann. They want to thank Dana Galizia for excellent research assistance. This paper is under review at the Journal of Economic Literature. Beaudry would like to thank the SSHRC of Canada and the Bank of Canada for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.