Fixed Costs and Long-Lived Investments
NBER Working Paper No. 14402
---- Acknowledgments ----
I gratefully acknowledge the comments of Lutz Kilian, John Leahy, Ana-Maria Mocanu, Matthew Shapiro, Nancy Stokey, Gianluca Violante, Caroline Weber, and seminar participants at the University of Michigan, Ohio State University, the Federal Reserve Bank of New York, New York University, NYU Stern, the NBER Monetary Economics group and the Stanford Institute for Theoretical Economics (SITE). The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.